- THE Reserve Bank is prepared to do more to slash rampant investor activity in the housing market, its assistant governor has confirmed.
Michele Bullock, RBA assistant governor financial system said the “essence of macroprudential policy is that prudential supervisors recognise potential system-wide risks in their supervision of individual institutions and react accordingly”.
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Regulators were prepared to step in again if more risks emerged in the housing market according to the RBA. Picture: AAP Image/Dean Lewins