SYDNEY, May 28 -- Australian Prudential Regulation Authority issued the following media release:
The Australian Prudential Regulation Authority (APRA) will keep its macroprudential policy settings steady following its latest review of domestic and international financial conditions and risks.
APRA's macroprudential policy tools are aimed at mitigating financial stability risks at a system-wide level to promote a safe and stable financial system that enables households and businesses to confidently borrow, save and invest for the future.
APRA has today confirmed that:
* the mortgage serviceability buffer will remain at 3 percentage points;* the countercyclical capital buffer will remain at 1 per cent of risk-weighted assets; and,* high d...