Links
Tools and Calculators
Aussie banks not to shoulder global burden
By Tim Neary | 08 Mar 2010
April is looming as a significant time for the post-crisis regulatory response, with submissions by the banking industry to the Australian Prudential Regulation Authority on liquidity scheduled to be turned in to a much sharper document on quantitative impacts.
The Australian Bankers Association is also coordinating a full response to the collection of proposed changes to capital, liquidity, provisioning and industry structure, according to a report in the AFR.
Speeches by RBA governor Glenn Stevens suggest that regulator has some sympathy for the Australian banks' position that they, and hence the Australian economy, should not shoulder the undue burden of measures designed for a couple of dozen northern hemisphere banks.
Of the three major prongs of the regulatory response, Australia is most affected by the liquidity proposals due to a structural shortfall of qualifying liquid assets, such as government debt.
The capital and provisioning changes are probably only relatively minor.
Source: Broker News
Back to NewsAll brokers with The Lending Shop are members with MFAA - The Lending Shop is proudly operated by the Australian Loan Company Ltd.
MFAA Wholesale aggregator
of the year 2008
Finalist - Wholesale aggregator
of the year 2009
