After dazzling investors with their ability to largely withstand the economic upheaval caused by the pandemic, and after benefiting from writing back billions in provisions they squirrelled away to cover soured loans.
The prudential regulator wants banks to be prepared for zero and negative interest rates, and has called on them to take all ‘‘reasonable steps’’ to ensure their technology systems.
The pressure to cool the booming housing market has intensified as the growth in lending to buy a home almost doubled over the past year, and investor loans accelerated by more than 30 per cent in the past three months.
Economic forecast A key government report warns that the biggest drivers of residential real estate growth could be starting to weaken, writes Duncan Hughes.
Intergenerational report Policymakers are betting on low rates and solid growth, writes Ronald Mizen.
