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
default

 

more from the adviser
regulation rules AFCA amends complaints rules following court case

The financial services ombudsman has changed its rules after the ...

meeting top view ta 62c1 Half of home owners wary of bank refinance advice

One in two borrowers does not believe banks always have their bes...

house sold Hot Property: The biggest property headlines from the week 18-22 January

Here’s the weekly round-up of the biggest news stories from acr...

FROM THE WEB