Mortgage Business
APRA’s lending macro policy worked: RBA By Malavika Santhebennur 28 July 2021
The RBA has stated that APRA succeeded in curtailing a drop in home lending standards by implementing macro-prudential policies between 2014 and 2018.
The Reserve Bank of Australia (RBA) has released a research discussion paper in which it declared that macro-prudential policies implemented by the Australian Prudential Regulation Authority (APRA) targeting the housing market twice between 2014 and 2018 achieved their goals and contributed to reducing risk in the financial system.
The paper, titled
Macroprudential Limits on Mortgage Products: The Australian Experience, said the “broad aim of macro-prudential policy is to manage systemic risk in the financial sector”.
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at 10:00 am on July 27, 2021 | 25 comments
In mid-June, RBA Governor Phil Lowe stated that the Council of Financial Regulators (CFR) – i.e. RBA, Treasury, APRA and ASIC – are actively examining macroprudential tools to curb the mortgage/property market in the event that credit accelerates, and that these tools would come into effect before the RBA considers lifting interest rates.
In this month’s Monetary Policy Decision, Phil Lowe also stated that the cash rate will not be lifted
“until inflation is sustainably within the 2 to 3 per cent range”. Lowe elaborated that
“it is not enough for inflation to be forecast in this range”, rather
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Link4 chosen as one of the four access point providers and partner for e-invoicing by Ministry of Business, Innovation, and Employment in New Zealand Monday, 26 July 2021 09:47 Link4 chosen as one of the four access point providers and partner for e-invoicing by Ministry of Business, Innovation, and Employment in New Zealand
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The Ministry of Business Innovation, and Employment chooses software company Link4 as one of the four access point providers to accelerate its e-invoicing adoption. The adoption of e-invoice could add $4.4 billion to the NZ economy in over ten years, the company says.
After conducting an extensive process to provide the best e-invoicing access point options for New Zealand government departments and agencies, the Ministry of Business, Innovation, and Employment (MBIE) has chosen Link4 as its preferred partner for e-invoicing adoption.