Finally, Australia’s prudential supervisor, the Australian Prudential Regulatory Authority (APRA), is concerned about Australia’s property bubble, the economy’s over-reliance on China, and our thinly capitalised banks. From The AFR:
APRA’s executive general manager of supervision and support, Charles Littrell, said on Friday that the concentration of lending by the big four banks into property markets is a “perpetual concern” for the prudential regulator.
