Also, at the end of 2014, when growth in investor lending was accelerating, APRA announced that it would pay very close attention to lenders whose investor loan portfolios were growing faster than 10 per cent. It did so with the full support of the RBA. This guidance helped pull the whole system back and has made a positive contribution to overall financial stability.
So too has ASIC’s focus on responsible lending. These measures constrained some higher-risk lending and reinforced the message to lenders that they need to take a system2/4  BIS central bankers' speeches  wide focus in their risk assessments. Notwithstanding this, given recent trends and the heightened risk environment, APRA announced some further measures last Friday.