Next steps Having said all that, the recent report to Ministers that I mentioned in my opening remarks has usefully sharpened the focus on achieving increased coordination of trans-Tasman banking supervision.
Loans in the second category may return to the performing loans category; indeed, a significant number did so, even in the extremely difficult conditions of recent years. These loans represent “active” credit relationships; it is very likely that even if they experience a particularly difficult phase, debtors will be able to turn a corner and resume the payment of their debts.