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thecook

2,801 Posts.

07/12/14

16:42

Post #: 14422683
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Originally posted by macropunter ↑

The government runs the risk of doing nothing and being seen as reckless and ineffective when the economy slows or doing something and alienating their biggest voting block - the baby boomers. Tough decisions.

The banks are going to be forced to raise quite a bit of capital though - that seems as clear as day. CBA currently uses a risk weight of 18%....which is minuscule....and he is recommending it be raised to 25 - 30%

That is a ton of equity that needs to be funded from somewhere and right now I don't think foreigners are in any frame of mind to step up on Aussie bank equity

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Joe hockey: "i'll take this report and consult with the relevant stakeholders ie the big 4 banks"

CBA : "um, no"
ANZ : "no chance"
NAB : "get stuffed"
WBA : "no way"
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