The bank has acknowledged increased profits as a result of APRA’s interest only speed limits but has said these will be temporary
The second set in the latest round of public hearings by the House Standing Committee on Economics is set to kick off later this week
The major bank CEO has spoken on interest-only rate differentiation in front of the House of Representatives Standing Committee
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The two majors will be the first to face the Standing Committee on Economics in the latest round of hearings with the major banks
The regulator has also said that consumers are “not the best judge” when it comes to underwriting standards
The regulator’s chair has faced a government committee, answering questions about its investment and interest-only speed limits
The house of representatives standing committee will scrutinise the regulator on areas such as capital benchmarks and residential lending practices
The bank’s CEO has refuted that Westpac has a serious problem after a series of claims from the regulator
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The major bank CEO has faced some intense grilling in the first day of the House Economics Committee’s banking review
Discussions include the association’s plan to enhance consumer protections
