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The Australian Prudential Regulation......>

AUSTRALIA
AUSTRALIA: The Australian Prudential Regulation Authority has opened a
consultation period on its proposal to loosen capital requirements for a first
home buyers scheme.
- The APRA writes on its website: "APRA is proposing to adjust its capital
requirements for authorised deposit-taking institutions (ADIs) to support the
Government's First Home Loan Deposit Scheme (FHLDS). The scheme aims to improve
home ownership by first home buyers, through a Government guarantee of eligible
mortgage loans for up to 15 per cent of the property purchase price. Recognising
that the Government guarantee is a valuable form of credit risk mitigation, APRA
is proposing to reflect this in the capital framework by applying a lower
capital requirement to eligible FHLDS loans."
- See the full statement at http://tiny.cc/APRA

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