A recent article, 'RBA warns banks to hold line on loans' appeared in The Australian newspaper ( 13 July 2016) reporting on statements made by Luci Ellis, the RBA's head of financial stability.
This article focuses on Ms Ellis' concerns about certain activities of Australian banks.
Required
Describe Ms Ellis' concerns and the recent actions taken by the other Australian regulator mentioned in the article that address these issues. Explain why they have been seen as necessary.
Your answer should include discussion of the following matters:
- The reason why the RBA, through its spokesperson Ms Ellis, should have any regulatory interest in these issues
- The key factors in the Australian economy that have driven the need for this type of regulation
- The objectives and role of the other Australian regulator, identifying the standards it has imposed and will impose on Australian banks
- The significance of the mentioned Murray Inquiry
Guide to answering-
-Word length: 1,000 words
-Only refer to the laws of Australia. DO NOT refer to laws of other countries.
Attachment:- Article.rar