Banker: HEM appeal will slow credit

Good. Via Investor Daily:

A former Macquarie banker says hazy guidelines around lending will cause problems for the next six months following the Westpac case, predicting the big four banks will corner ASIC and demand clearer standards.

During a panel discussion at The REAL Future of Advice Conference in Vietnam this week, former Macquarie head of sales and distribution for mortgages, Tim Brown, noted the recent Federal Court decision ruling in the favour of Westpac.

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