"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.
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