The Australian Prudential Regulation Authority (APRA) is the prudential regulator for the Australian financial services industry.
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The macroprudential policy settings will be maintained as they are following the latest quarterly assessment of domestic and international economic conditions.
- The quality of new housing loans remains good, and delinquency rates on both real estate and commercial loan portfolios continue to rise slowly.
- The mortgage serviceability buffer will be maintained at 3 percentage points and lending limits will not apply.
- The countercyclical capital buffer will remain at 1.0% of risk-weighted assets.
The authority’s comments come on the heels of its latest quarterly assessment of local and international economic conditions.
This article was written by Eamonn Sheridan on www.forexlive.com.
The post Australian regulator warns of (slowly) rising arrears on mortgage and business loans first appeared on Investorempires.com.