paul clithero's money talk got me worried, page-14

"The situation in Cyprus was utterly different from our well regulated position with the banks here in Australia."

hahah

You do realise that APRA and Basel III rules allow a bank to hold shares in themselves as tier 1 capital.

So as a bank runs into trouble its share price drops, and so does its available capital.


but that's ok because Australian banks are not over leveraged to any 1 instrument. plenty of buffer in that $1.60 capital for every $100 loaned.