Regulator says merits of a single floor rate have been "substantially reduced"
The ABA has supported the move saying it will increase competition and choice
The changes would ensure banks have adequate financial resources in the event of failure
Chairman Wayne Byers spoke at the group’s Curious Thinkers Conference
As APRA starts to hand control for investor lending back to individual ADIs, Australian Broker asks if the nation’s appetite for bricks and mortar investments is enough to reinvigorate its cooling property markets
Legislation was passed for an additional role to strengthen APRA's ability to regulate the sector