logo

Impact of Royal Commission on Lending and Developers

   

Added on  2022-11-28

15 Pages784 Words172 Views
Developer Lending from Bank
after the Royal Commission

Introduction
Primary role of Royal
Banking Commission is to
ensure that the Australian
major banks and financial
institutions.
In 2009, a major
reformative change related
to ethical standard in the
banking industry was
brought by way of the
National Consumer credit
Protection Act.

Introduction (contd)
AMP Personal Banking
was the first among the
many casualties who
stood down which
disseminated a paranoia
within the banking and
financial industry.

Inquiry Affecting the Application for
Loan as well as the Lending Policy
The stringent inquiry
procedure and compliance
check started by the Royal
Commission is proving to be
detrimental to the homebuyers,
developers and new
businesses.
The lending buffer time has
been extended to complete the
overall procedure

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Impact of Royal Commission on Lending Practices
|11
|2570
|379

Desklib - Online Library for Study Material with Solved Assignments, Essays, Dissertation
|9
|1458
|138

Global Financial Market Essay Financial Crisis
|6
|1486
|253

Impact of Royal Commission on Banking Sector and Australian Economy
|14
|872
|94

Could Western Nations Have Avoided the 2008 Financial Crisis
|6
|1652
|36

Business Valuation and Analysis Assignment
|10
|2707
|82