Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Bank's liquidity called into question

Staff Reporter 1 minute read

The Australian Prudential Regulation Authority (APRA) is investigating whether the banks have enough capital to cope with sharp market downturns, reports the Australian Financial Review.

Investigations have been taking place since December 07, with officials from APRA, the Treasury and the RBA meeting yesterday to discuss the impact of higher wholesale funding costs on the banks.

“[We need to make sure that] the deposit-taking institutions are managing their liquidity very carefully and that they have the capital to sustain the sorts of growth rates they have enjoyed over the last few years,” said APRA chairman John Laker.

Another APRA source indicated that they will want to see the banks demonstrate “a broader range of resilience to a broader range of adversity” in the future.

 

Bank's liquidity called into question
default
TheAdviser logo

If you’re feeling overworked and overwhelmed in this fast-paced mortgage market, it’s time to make some changes, and the Business Accelerator Program can help! Early bird tickets are on sale now. Work smarter, not harder, this year.

default

 

more from the adviser
Carolyn Murphy ta Teachers Mutual targets brokers in digital bank launch

Hiver, a new digital bank to be launched under Teachers Mutual, i...

mortgage money house Qld real estate body calls for stamp duty reform

The REIQ has slammed the Queensland government for failing to act...

Alexis Holloway ta Pallas Capital appoints senior credit manager

The non-bank lender has appointed a senior credit manager whose r...