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本帖最后由 fireup 于 2019-5-31 09:29 编辑
https://www.theaustralian.com.au ... bace65f5c6c66ebebbb
The RBA will cut short-term interest rates next week but their impact will be offset by new regulations resulting in the banks applying stricter tests for household expenditures making loans harder to get, along with an ASIC-suggested buffer above the expenses test.
The new rules underline the increased scrutiny on the banks which could lead to some confusion because on the one hand APRA is increasing flexibility and on the other ASIC is raising responsible lending rules.
The banks are now rolling out new lending criteria based on stricter tests under the so-called household expenditure measure table which details estimates of household expenditures at different income levels.
The RBA rate cuts are meant to boost confidence, making it easier to borrow, as are the more flexible serviceability rules allowed by APRA, but the revised HEM guidelines will make loans harder to get, along with the buffer being suggested by ASIC above the expenditure test.
Earlier this month APRA dropped its 7 per cent threshold which it was using as a guide to banks to test loan serviceability, replacing the floor with a new 2.5 per cent threshold so a loan will be tested to see whether someone can afford to pay a mortgage 250 basis points above the one on offer.
That change was seen as a boon to the banks ahead of the expected RBA rate cuts.
The rate cuts are still expected but the new expenditure measures being imposed by the banks will make it tougher for some people to get a loan.
ASIC is being active in the area of responsible lending as it awaits judgment in the case against Westpac. It has also circulated a new responsible lending standard known as RG 209 which is moving into stage consultations with the Australian Banking Association among others.
The first round of consultations took in more than 70 submissions before it closed last week.
The banks welcomed the APRA changes earlier in the month but are not so keen on the new ASIC-inspired HEM changes. CBA boss Matt Comyn talked up home loan volumes in a speech this week, but the tighter lending criteria may make life a bit tougher.
APRA plans to roll out new policies as it awaits Graeme Samuel’s capability review which will be handed to the government at month’s end.
A similar review of ASIC met with strong opposition from former ASIC boss Greg Medcraft but was effectively rolled out by new chair James Shipton who has the report’s author Karen Chester as his new deputy.
At the same time as the capability report is handed to Treasurer Josh Frydenerg, APRA, will release its new remuneration guidelines, or BEAR rules, to be rolled to an expended group of financial companies.
Shareholder groups are less worried about non-financial criteria used in remuneration reports than they are about lack of accountability, with boards paying out short-term incentives as a matter of course, even when the banks admit they had effectively stolen customer funds by charging for services not delivered.
While the banks are all attempting to compensate customers who were mistreated, there is some concern at APRA that they are being too conservative, worried they might pay a touch more in compensation than they need to.
This suggests the much heralded change in bank culture hasn’t quite happened yet.
APRA will release new rules on loss absorbing capacity shortly and new risk weightings, which are expected to increase weightings for interest-only and investor home loans while reducing them for owner-occupied loans.
This is expected to narrow the gap in capital levels held by so-called advanced banks (the majors) and the smaller banks like Bendigo and Adelaide bank, which are required to keep by way of example $38,000 in capital for a $1 million home loan, against $26,000 in capital for one of the majors.
They also change criteria for small business loans tied to mortgages in an attempt to lower capital weightings to boost small business loans. |
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我喜欢的《诗经》里的几首诗 (2008-5-9) big_beast 
Hamilton Island的游记 (2009-11-17) doublezz 
发表于 2019-5-31 09:01
