mortgage regulation

… APRA may also consult on amendments to APG 223 Residential Mortgage Lending (APG 223) around this time, depending on the … Policy and Advice Division  Australian Prudential Regulation Authority  Yours sincerely,    John Lonsdale  … be protected by section 56 of the Australian Prudential Regulation Authority Act 1998 and will therefore be exempt …

… tasks us to administer laws that provide for prudential regulation of financial institutions. Those laws are the … regulator like APRA was seen as critical to ensuring that regulation did not distort the competitive landscape due to … recommendations. [8] Some – such as Recommendations 2 (mortgage risk weights) and 4 (international capital …

… of higher interest rates on borrowers’ ability to meet mortgage repayments. Banks typically projected little … estimated an identical underlying loss rate (ie before mortgage insurance) across all mortgage lending LVR buckets. … efficiency even in good times. The Australian Prudential Regulation Authority (APRA) is the prudential regulator of …

… crisis by the freezing of a number of managed funds and mortgage trusts.  As we did in other industries, APRA has … been attracting close scrutiny from APRA has been lenders mortgage insurers (LMIs), which have significant exposures to … be subject to more rigorous standards of prudential regulation than others? Should hitherto unregulated financial …

… in their business. This is a core tool of prudential regulation and also supports system-level financial … industry ’ article, March 2020. The Australian Prudential Regulation Authority (APRA) is the prudential regulator of …

… with housing lenders to reinforce sound residential mortgage lending standards. From our perspective, this work … time been working through a transition plan to bring the regulation and supervision of private health insurance into … be happy to take your questions. The Australian Prudential Regulation Authority (APRA) is the prudential regulator of …

… from the work environment but, for anyone involved in regulation of the financial sector, these are two questions … of limiting the sorts of prescriptive, one-size-fits-all regulation that industry – with some justification – rails … financial firms and systems, is important for ensuring regulation does not just produce financially-sound firms, but …

… expect in future regarding industry activity, prudential regulation locally and prudential regulation internationally. Industry structure To get under … selling their general insurance subsidiaries. PMI, the US mortgage insurer, sold its Australian business last year to …

… you looked, whether in liability classes, personal lines, mortgage insurance, or even commercial property, loss ratios … Australia. The international scene - financial stability, regulation and insurance Ever since the visibility of the … fails, there can be instability. Q.v. bond insurers and mortgage insurers in the US. But we know more than that. The …

… thinking about around the world in respect of financial regulation? Before considering the financial system in … work? APRA: how important is supervision as distinct from regulation? I wish to emphasise, incidentally, that the views … times. In both the US and the UK, sub-prime residential mortgage lending was a critical weakness of the financial …

… issuance of a new Prudential Practice Guide on Residential Mortgage Lending. And we have been discussing with other … the Committee’s questions. The Australian Prudential Regulation Authority (APRA) is the prudential regulator of …

… the predominate business of Australia’s banking system is mortgage lending, our focus is on ensuring that ADIs manage … from their APRA supervisor.  The competition impact of regulation and lending benchmarks will always be an important … report capital ratios using the standardised approach. A mortgage risk-weight floor is proposed for IRB banks, which …

… price growth; lending indicators: higher-risk residential mortgage lending, business lending conditions, and loan … conditions At an industry level, shares of higher-risk mortgage lending continued to moderate over the September … observations (7 March 2017). The Australian Prudential Regulation Authority (APRA) is the prudential regulator of …

… No one wants unnecessary red tape nor to look to more regulation to solve every problem. Within APRA, we constantly … quite one-sided; heavily focused on the costs of financial regulation but paying little attention to the benefits or why … to offer loans using exceptions to our guidance on mortgage serviceability in cases where they are confident the …

… leverage, poor underwriting standards in the US subprime mortgage market, shortcomings in governance and risk … and ADI housing lending, against the background of higher mortgage rates. APRA's thematic work in the ADI industry also … to recent corporate failures. The Australian Prudential Regulation Authority (APRA) is the prudential regulator of …

… of form-based data, which grew over time in line with regulation.  Our data warehouse was expanded by bolting on to …

… exposed to a terms of trade shock. In our supervision and regulation, we seek to create an Australian financial system … States and Europe. In other words, those institutions that regulation is set up to protect most carefully, failed most … We removed capital arbitrages between the ADI and lenders mortgage insurance industries, and greatly increased the …

… in a world of deregulation and aversion to ever more regulation, supervision will assume an even more important … will fill needs that might otherwise have been met by regulation. And an understanding of risk culture and its … to be so important, and how we are tackling them in our regulation and supervision.   Footnotes For example, see this …

… maintained good lending discipline, abetted by the lenders mortgage insurance companies supporting the market. In … Thank you for your attention. The Australian Prudential Regulation Authority (APRA) is the prudential regulator of …