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Shadow Bank Lending to the Residential Property Market

Author

Listed:
  • Michael Gishkariany

    (Reserve Bank of Australia)

  • David Norman

    (Reserve Bank of Australia)

  • Tom Rosewall

    (Reserve Bank of Australia)

Abstract

Shadow bank lending can play an important role in the economy, but on a large enough scale it could damage financial system resilience. Domestic banks have tightened standards for lending to the residential property market over recent years, creating an opportunity for other lenders to expand. However, shadow banks appear to account for only a small share of total property loans in Australia. Their share of lending for property development has increased more than for housing lending.

Suggested Citation

  • Michael Gishkariany & David Norman & Tom Rosewall, 2017. "Shadow Bank Lending to the Residential Property Market," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 45-52, September.
    • Handle: RePEc:rba:rbabul:sep2017-06
    as

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    File URL: https://www.rba.gov.au/publications/bulletin/2017/sep/pdf/bu-0917-6-shadow-bank-lending-to-the-residential-property-market.pdf
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    References listed on IDEAS

    as
    1. Sooji Kim & Matthew Plosser & João A. C. Santos, 2016. "Did the Supervisory Guidance on Leveraged Lending Work?," Liberty Street Economics 20160516, Federal Reserve Bank of New York.
    2. Janko Cizel & Jon Frost & Aerdt Houben & Peter Wierts, 2019. "Effective Macroprudential Policy: Cross‐Sector Substitution from Price and Quantity Measures," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 51(5), pages 1209-1235, August.
    3. Josef Manalo & Kate McLoughlin & Carl Schwartz, 2015. "Shadow Banking – International and Domestic Developments," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 75-84, March.
    Full references (including those not matched with items on IDEAS)

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