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This is why you are no longer able to obtain your money that's...

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kingpins

26,721 Posts.

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13/07/15

18:17

Post #: 15625776
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Originally posted by All4One ↑

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.

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This is why you are no longer able to obtain your money that's on fixed/term deposits if you need it.
They hold it in the bank for 30 days after you apply to withdraw it. Gives them a bigger window to keep their liquidity up if there is a problem like a run on the bank

Last edited by kingpins: 13/07/15
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