Philip Lowe, Deputy Governor of the Reserve Bank of Australia

Speaking on regulation

  • Local banks under-reported investment home loans by AUD50 bln
  • Says "disappointing" that bank systems failed to accurately report on loan types
  • Says problems reinforce need for supervisory focus on investor loans
  • Says RBA, APRA and abs to undertake thorough review of bank lending data next year

Headlines via Reuters

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Text in full: Remarks by Philip Lowe, Deputy Governor, at FINSIA Regulators Panel, Sydney

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That first comment, on banks under-reporting on loans ... that has financial stability implications for the RBA