Could be Menta I would not disagree with any of that.
It shouldn't come as any surprise though as the banks have known this was coming for quite a while now.
But still I guess investors hope for the best and hope it doesn't happen.
Ive been waiting for investors reaction to this for months now and I have got my answer.
Just saw on the ABC news the banks will need 40 billion extra in reserve liquidity or another 2%.
APRA is instigating these reforms from the Murray enquiry.
The banks have a couple of years to raise the extra liquidity.
I think in the long run it will be better for the banks and all its investors if the banks are stronger and have a better chance of withstanding another shock.
With a falling growth in Australian mortgage business though it could see the banks significantly lower imo.
