Original article by Michael Bennet
The Australian – Page: 17 & 20 : 11-Apr-17

Westpac chairman Lindsay Maxsted is confident that recent measures aimed at curbing investor-only home loans will be sufficient and additional intervention by the Australian Prudential Regulation Authority will not be necessary. Maxsted also believes that the nation’s banks will not need to undertake further equity raisings in order to comply with new capital requirements. He adds that Westpac has prudent lending practices and will not approve loan applications for customers who may be at risk of default.

CORPORATES
WESTPAC BANKING CORPORATION – ASX WBC, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, UBS HOLDINGS PTY LTD, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, MOODY’S INVESTORS SERVICE INCORPORATED, BHP BILLITON LIMITED – ASX BHP