Broker News TV: Pollies must protect competition
By
Kevin Eddy
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1/09/2010 5:30:00 AM
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1
comments
A group of industry figures have called on the incoming government to improve competition in the mortgage market, whichever party comes out on top.
In the latest Broker News TV panel discussion, Lisa Montgomery from Resi, Kim Cannon from Firstmac, Andrew Russell from Firstfolio and Kym Rampal from LoanKit all criticised both political parties for a lack of substance in the election campaign and stressed that action must be taken on competition.
Cannon highlighted that one of the most important areas in which the new government must act relates to the Australian Office of Financial Management's support for securitisation and the RMBS market.
"The AOFM programme will be a key part of competition going forward," he said. "The AOFM initiative currently in place runs out in December this year: will whoever gets in extend it further or ges rid of it because it's no longer required?"
There was some support for the Liberal Party's views on planning reform, however, with Rampal saying the proposals were "heading in the right direction."
The full discussion is available here.
Latest Comments
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Country Broker on
01 Sep 2010 11:26 AM
This is essential for our future , the MFAA and FBAa need to be the leaders in this, with sustained lobbying in Canberra, it is essential.