Reserve Bank confirms resilient financial system

Financial Stability Review

Reserve Bank Financial Stability Review: The Reserve Bank has handed down the latest review of the financial system. The Australian financial system remains resilient and its ability to withstand adverse shocks continues to be strengthened.

Household borrowing risks ease: Concerns about riskier types of new housing borrowing have eased A key contributor to the abatement of new risks in mortgage and housing markets has been the regulatory measures to improve the quality of new lending.

What does it all mean?

While the Aussie financial system is considered in strong shape, the Reserve Bank has provided a detailed assessment of current risks in its semi-annual update.

Con…

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