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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.