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BRIEF-Australia banking regulator updates guidance on mortgage lending
February 23, 2017 / 3:06 AM / 7 months ago

BRIEF-Australia banking regulator updates guidance on mortgage lending

Feb 23 (Reuters) - Australian Prudential 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: (here) Further company coverage: (Reporting By Sydney newsroom)

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