The Council of Financial Regulators (the Council) held its regular quarterly meeting on Wednesday, 6th March. The Council discussed a range of current and emerging vulnerabilities in the financial system, and actions the Council agencies were taking in response. The Council noted that risks to the Australian financial system from lending to households warranted ongoing close attention but remain contained for the time being. Most households continue to be able to meet their debt servicing and other essential spending commitments, although many have had to make adjustments to their finances in a period of higher ... (full story)