"The situation in Cyprus was utterly different from our well...

"The situation in Cyprus was utterly different from our well regulated position with the banks here in Australia."

hahah

You do realise that APRA and Basel III rules allow a bank to hold shares in themselves as tier 1 capital.

So as a bank runs into trouble its share price drops, and so does its available capital.


but that's ok because Australian banks are not over leveraged to any 1 instrument. plenty of buffer in that $1.60 capital for every $100 loaned.