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While markets have focussed on possible new capital requirements for Australian banks in the wake of a major review, ANZ chief financial officer Shayne Elliott notes the new regime will come in gradually and banks have many options to manage the shift.
"What we are talking about now is the execution (of a gradual process)."
Shayne Elliott, ANZ CEOAndrew Cornell is managing editor at BlueNotes
The views and opinions expressed in this communication are those of the author and may not necessarily state or reflect those of ANZ.
EDITOR'S PICKS
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There’s been a major financial system review produced, concerns linger around a housing bubble, consumer confidence is fragile, the banking sector is dominated by a group of majors and the resource economy is making a slow transition to other growth drivers.
2014-12-16 14:36 -
Among the various issues highlighted by the Financial System Inquiry (FSI) was the calculation of banks’ risk-weighted assets (RWA). As the basis for banks’ regulatory capital requirements, this is a central measure in investors’ assessment of a bank’s balance sheet strength, as well as influencing bank pricing and shareholders’ returns.
2014-12-15 14:10 -
ANZ welcomes recommendations from David Murray’s year-long review into the financial services industry to lift education, training and competency standards for financial advisers.
2014-12-10 17:48