Australian interest ratesAustralian Property

RBA and Treasury versus APRA and ASIC?

David Llewellyn-Smith
Tuesday, 13 November 2018
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So says CoreLogic’s Tim Lawless in a well considered argument at the AFR:

Tim Lawless of housing data firm Corelogic said that for “the first time in forever” there was a potential split among top regulators that make up the Council of Financial Regulators in how to deal with a declining property market.

While the Reserve Bank and Treasury are focused on economy stability, the corporate watchdog and the prudential regulator are nursing hurt reputations after the interim report of the royal commission and may take a tougher stance.

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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.