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BRIEF-Australia banking regulator updates guidance on mortgage lending

Published 23/02/2017, 02:04 pm
© Reuters.  BRIEF-Australia banking regulator updates guidance on mortgage lending
PRU
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Feb 23 (Reuters) - Australian Prudential (LON:PRU) 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) Further company coverage: CBA.AX

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