3. the model this might be of interest coming from Allan Moss...
ALLAN MOSS: We model the whole bank, got the whole bank, every risk in the bank in a big model, run it every single day, we run it on the assumption that today the equity market will open gap down 10 per cent, 20 per cent, 30 per cent, 40 per cent, with corresponding changes in bonds, currency, commodities.
ANDREW ROBERTSON: As for its assets not being able to withstand that shock, Mr Moss says Macquarie has deliberately focused on infrastructure that will have heavy use in the bad times as well as the good.
ALLAN MOSS: These assets have been chosen simply because they are privileged, because they are robust through the cycle. That's why we've chosen them, that's why the investors who support us like them so much.
MQG Price at posting:
$22.35 Sentiment: None Disclosure: Held
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