ANZ Bank chief executive Shayne Elliott says banks and regulators will need to take a flexible approach to Victorian customers hurt by stage-four restrictions, as concerns grow about the resilience of the state's mortgage belt and small to medium firms.
Data on loan deferrals released by the prudential regulator on Tuesday provided new insight into the $274 billion worth of frozen loans as of the end of June, which was 3 per cent higher than a month earlier.
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James Frost writes about banking, funds management and superannuation. Based in Melbourne, James has been reporting on specialist business and finance topics for 15 years. Connect with James on Twitter. Email James at james.frost@afr.com
James Eyers writes on banking, finance, payments, regulation and emerging technologies. Based in Sydney, he is a former legal and investment banking editor at the AFR and has been a business journalist for more than 20 years. Email James at jeyers@afr.com.au
