With APRA’s ongoing focus on sound lending practices and the Royal Commission addressing the question of Responsible Lending, the banks have continued to tighten mortgage underwriting standards in recent months. When combined with the reputational damage they have suffered during this time, the Major Banks have seen their housing credit growth slow sharply.
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David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
