Six ways ‘Mercedes’ mortgages could hurt Australia
A series of changes in the banking sector is making lenders take less risk. One veteran analyst says that has grim ramifications for investors and the nation.
At The Australian Financial Review Banking Summit last month, retiring National Australia Bank boss Ross McEwan suggested banks are no longer taking enough risk.
“Has the pendulum moved a little bit too far that we should have been taking a bit more risk? Are customers missing out at the end of the day?” he said.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
