Addressing uncertainty in consumer lending

A speech by John Price, Commissioner, Australian Securities and Investments Commission, Australian Retail Credit Association National Conference (Adelaide, Australia), 11 November 2016

Thank you for inviting me to speak to you today. Consumer credit plays a very important role in the Australian economy, as well as in the lives of millions of Australians.

I have been asked to talk to you today about addressing uncertainty in consumer lending. To me, this phrase has two distinct meanings:

  • it refers to the uncertainty in which we all operate, generated by evolving market dynamics, rapid innovation and technological change, and
  • there can also be micro-level uncertainty in lending, relating to individual consumers and their loans.

Read the full speech (PDF 171KB)

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Last updated: 16/12/2016 09:17