In a note analysing the Hayne royal commission's final report, Fitch Ratings said it viewed the removal of the exemption of retail dealers from the operation of the National Consumer Credit Protection Act as a positive step.Fitch said the extension of responsible lending to retail dealers will generally result in additional underwriting and investigation, which should enhance the overall quality of assets originated into ABS transactions.Other changes to the existing responsible lending test were not recommended. "Lenders have been reducing their reliance on benchmarks as a default measure of household expenditure," Fitch said. "If momentum is maintained and there is continued vigilance by regulators around enforcements of [the existing] requirements, this will prove to be positive for lending standards in general in Australia and assets within structured finance transactions."Fitch does not expect many other recommendations in the report to have a direct impact on Australian structured finance transactions, although an overall improvement in credit standards will be generally positive.