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.

European crisis to hurt Oz banks: Moody’s

Staff Reporter 1 minute read

By: Jessica Darnbrough

Australia’s banking institutions are vulnerable to the debt crisis in Europe, according to Moody’s Investors Service.

Speaking at a conference in Singapore yesterday, Moody’s Asia Pacific Financial Institutions senior vice president Deborah Schuler said Australian banks were likely to suffer the repercussions of Europe’s debt crisis because they fund much of their loan book from global capital markets.

Ms Schuler said Australian banks would need to maintain the maturity profile of their funding book to avoid ratings issues in the future.

But despite this concern, Moody’s said the lenders still have a significant buffer to cushion potential difficulties in the short term.

European crisis to hurt Oz banks: Moody’s
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
Renee blethyn NextGen.Net appoints head of broker

NextGen.Net has appointed its inaugural national head of broker ...

BBS Summit 2021 ta Better Business Summit and Awards Sydney postponed

Due to the ongoing COVID-19 resurgence in Sydney, the NSW leg of ...

Andrew Moulds Darren Smith ta Lend adds FleetPartners to platform

Lend has integrated vehicle fleet leasing and fleet management pr...