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
default

 

more from the adviser
mortgage payments money Quiet January period hammers mortgage activity

NSW has led the states in a steep fall in mortgage market activit...

cars ta Nodifi expands into novated leasing

The asset finance platform has released a novated leasing service...

handshake 2 AFG adds specialist lender to lender panel

The aggregation group has appointed a specialist lender to its as...

FROM THE WEB