The most important economic finding of the Hayne Royal Commission is under the pump today, via Domain:
The corporate regulator will ask the government to change mortgage rules that could make it harder and more expensive for borrowers to get a new home loan if it loses a landmark case against Westpac over responsible lending laws.
Sources close to the Australian Securities and Investments Commission have confirmed the regulator would seek to enforce stricter rules on how banks assess the personal expenses of potential customers if its Federal Court action against Westpac fails.
