RBA (229 items)

Stretched bank balance sheets worry Lowe

More activism is probable on lending standards, RBA governor Philip Lowe told a Melbourne dinner last night. Taking on a public relations job so far side-stepped since APRA tightened its banking vice last week, Lowe put worries over Australian banking sector stability and resilience in context."These prudential measures help lessen the amplification of the cycle we get from borrowing and reduce the risk of developments on the financial side weakening the resilience that our economy has exhibited for many years," he said. "Ideally, this would be achieved by financial institutions acting themselves, without the need for prudential guidance. But sometimes prudential guidance can help the whole system adjust." read more

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