Dec 9 (Reuters) - Australia's banking regulator said on Wednesday it was looking at changes to credit risk standards, including requiring banks to look into a borrower's ability to repay without difficulties.
The Australian Prudential (LON:PRU) Regulation Authority (APRA) said the revisions it is looking to make are not major but are required if the government's proposed credit reforms pass.
If the government proposals - which would no longer subject banks to responsible lending obligations - do not pass, then the APRA said its revisions would not be taken forward.