While some information on RMBS is generally available in the market, reporting standards can vary significantly across issuers, since there is currently no regulatory standard for RMBS reporting in Australia. The available data also tend to be dispersed in a number of different locations, making it difficult to gather.
It is crucial for us to not only directly address the visible vulnerabilities, but also to prepare for the unpredictable events by strengthening resilience in the financial sector. Important actions in this regard are: the full and timely implementation of international bank regulation standards; countercyclical macroprudential policies for banks; appropriate regulatory and macroprudential frameworks in the non-banking sector.