Mr. Makhlouf stated that banks are well capitalised and can lend more, as the Government seeks to ease rules for developers. Meetings are scheduled to discuss reducing upfront funding requirements for builders. He emphasized the importance of evaluating and ensuring existing Government housing policies are effective before introducing new measures. Makhlouf highlighted the banks' commercial judgments and risk appetites while advising careful consideration of any new policies affecting the housing market to avoid potentially detrimental outcomes.
Firstly, in my view, it's obviously up to the Government to decide what policies to put in place.
My very strong advice to Government is that there are many interventions that they have already made, and are making in the housing market.
Otherwise, I mean, we think that the banks are well capitalised, and they have the capacity to lend more.
I have said, and I wrote to the Government, just to make sure that what you've got going, you know what it is achieving.
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