Feb 23 (Reuters) - Australian Prudential Regulation Authority -
- Says has updated its expectations for sound residential mortgage lending practices by banks
- Says has made a small number of refinements to the prudential practice guide
- Says changes designed to ensure sound lending practices are maintained and reinforced
- Says does not expect refinements to result in material changes to existing lending practices across the industry as a whole
Source text: (http://www.apra.gov.au/adi/PrudentialFramework/Documents/APG-223-Response-to-Submissions-letter.pdf)
News: NAB Australia banking regulator updates guidance on mortgage lending
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