From the SMH:
Credit default swap spreads have now jumped by almost 55 per cent since late July, when contracts traded hands for under 60 basis points, and almost 30 per cent from mid-September.
…Australia’s banks have already raised $16 billion of equity this year to strengthen their balance sheets, but more recently APRA has signalled some concern that the banks have not done enough to shift more funding from cheaper short term markets into long term debt, which could put upward pressure on costs, particularly as spreads widen.