APRA confronts its dumbest bubble

Thursday, 17 September 2015

From the AFR:

Australian banks have a funding problem and will need to work on shifting their deposit bases and lengthening their maturity profiles, the Australian Prudential Regulation Authority has warned.

APRA chairman Wayne Byres said the funding profile of authorised deposit-taking institutions had improved since the financial crisis but the strengthening of liquidity profiles is “less than it might first appear”.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.