This raised concerns about the financial stability implications if this behaviour continued. So in late 2014, with the support of the Council of Financial Regulators, APRA introduced a 10 per cent ‘speed limit’ on growth in investor housing credit as well as tighter lending standards.
It will be developed by a task force comprised of members representing IFAC, audit committees, boards of directors, the investment community, and financial management.” Well, it is to be hoped that IFAC will be able to do more than just ‘address’ this – the project needs clear deliverables that help to restore confidence and trust.