Macroprudential 3.0 prevents banks lifting investor lending

Monday, 16 July 2018

The Australian has been doing some shopping around:

Australian banks have been dragging their feet in meeting new rules on home lending, despite regulatory appeals to wean the industry off riskier loans.

The Australian understands no major bank has yet been given the green light to grow their property investor lending book above 10 per cent, despite the regulator declaring the removal of the cap in April.

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About the author

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.