A crackdown on credit could lead to 'unintended consequences', according to Westpac CEO Brian Hartzer. Banks are facing increased scrutiny and additional laws, including higher capital requirements, in the wake of the recent royal commission into the financial sector. Mr Hartzer told Sky News there is a 'grey area' between the role of banks and regulators when it comes to responsible lending. He says that could lead to a slow down when it comes to business credit, which in turn will drive the economy down further. Image: News Corp
from National | Daily Telegraph https://ift.tt/2Khiomp
Saturday, August 3, 2019
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