Kind of, from Banking Day:
Banks in Australia “are safe and sound” said 91 per cent of respondents to a recent Banking Day reader survey.
Around three per cent of Banking Day’s readers took time to share views on the industry and the newsletter in a survey conducted by CoreData last month.
This sentiment on banking industry stability set the context for responses to three other, slightly cheeky, propositions in the survey.
Only one quarter of readers agreed that they “worry a great deal over the stability of Australian banking.”
More than half (51 per cent) affirmed that they “rated a property crash of any note as unlikely,” a finding that could be recast as inferring “half of Australian bankers rate a property crash of any note as likely,” but we didn’t ask the question that way.
Two in five (41 per cent) agreed that “a period of great stress in Australian banking is near.”
These views found an echo in a question on whether a Royal Commission for Banking will be useful for Australia.
Two thirds said No, 31 per cent said Yes and three per cent were not sure.
