Finance - Mortgage

Regulators should target loan serviceability to head off trouble

Posted on September 21, 2013 by | 0 Comments
ALMOST out of nowhere, it seems, international regulators are not just talking about macroprudential controls over bank lending but introducing them. There is now mounting pressure on the Australian Prudential Regulation Authority to follow suit. Despite the host of new regulatory requirements imposing higher capital requirements, leverage ratios, tougher liquidity rules and the like since the global financial crisis, there is a significant push on for another layer of regulation. In New Zealand, Norway, Sweden,...

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Gippsland lender’s collapse puts town on edge

Posted on September 8, 2013 by | 0 Comments
It was written there for all to see in the company’s prospectus. But for the 3500-odd investors in failed Gippsland Secured Investments, the company’s financial woes came as a surprise. For the mostly farmers, pensioners and small business owners who held money with the non-bank lender, GSI was a trusted institution with a vested interest in keeping the community secure. But for those with the financial nous to understand the fine print, it had been...

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