Bendigo and Adelaide Bank has launched an issue of mortgage-backed securities, seeking A$500 million of funding. The issue is backed by a pool of first-ranked full-documentation residential mortgages. The pool has an average loan-to-valuation ratio of 65.5 per cent and there no low-doc or interest-only loans. Treasurer Joe Hockey will tell the G20 meeting in Sydney this week that regulation of the banking industry has gone far enough and that new measures, such as those  canvassed by the Financial Stability Board last year, should not be adopted. Hockey told The Australian that it would be a "major error" to try and regulate risk out of the banking system and that the focus should be on allowing banks to support economic growth. The FSB's agenda includes regulation of remuneration in the financial sector and additional bank taxes to provide governments with funds to deal with corporate failures.