nab, anz and comm, page-23

re: dealer wanted at nab Go read the other NAB thread under general ... it will answer your questions.

To run up a AUD 180 mio loss at 0.7750 would have needed an implied open AUD USD position of 1.26 billion short for 11 cents ... or if they had it from say 65 cents it would have to be 1.11 bio short.

As to the other rubbish about APRA ect ect ... RBA is in charge of this problem. It holds the end responsibility for both banks as well as foreign exchange management in Australia. APRA at best are pencil pushing wallies.
On paper they are meant to have some idea of what is going on but in reality they come up with meaningless guidlines like the description of how to revalue a position. Read the other thread .... there are ways around weinies guidlines. Problem with APRA is that while I am sure they have very smart people there they have nearly no one with any practical experience regarding what they are meant to be policing .... talk about useless ... they are almost as bad as the blind mice at ASIC.