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”.