Labor ignored regulator warnings about high LVR mortgages
The Australian Prudential Regulatory Authority (APRA) has consistently flagged high loan-to-valuation ratio (LVR) mortgage lending as a risk area. For example, in December 2014, the Australian Prudential Regulatory Authority (APRA) released guidance stating that “ADIs should not undertake large volumes of, or increase their share of, higher-risk lending.