Australia’s banking regulator is resisting the US drive for deregulation to boost growth. But can that last against international upheaval, and what does it mean for Australians locked out of housing?
Australia’s bank regulator shows little desire to follow the US lead on reducing financial regulation on the grounds the regulatory pendulum has swung too far – with perverse effects on lending.
The Trump administration is greatly accelerating that deregulation push, making the approach of the Australian Prudential Regulation Authority look increasingly out of step with a fast-changing mood internationally.
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Jennifer Hewett is the national affairs columnist. She writes a daily column on politics, business and the economy. Connect with Jennifer on Twitter. Email Jennifer at jennifer.hewett@afr.com
