Philip Lowe: International and domestic adjustment Speech by Mr Philip Lowe, Deputy Governor of the Reserve Bank of Australia, to the Committee for Economic Development of Australia (CEDA), Melbourne, 9 September 2015. *  *  *  Accompanying charts can be found at the end of the speech.
Some countries, like the Netherlands, have introduced regulations on this type of lending, but that causes these activities to move to other Member States or onto the internet. Such practices show the need for coordination between countries and regulation at European level. On the other hand, in order to maintain sound access to the credit market, we also have to consider some consumer characteristics.