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On this episode of The nestegg Podcast, host Maja Garaca Djurdjevic and three experts discuss the latest in equities, property investing and super.

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Steve Waters, director of Right Property Group, chats about the subdued April price growth and how prices are predicted to move for the remainder of the year.

RMIT’s senior lecturer of finance, Dr Angel Zhong, talks about the Biden climate summit and impacts on the Australian sharemarket, as well as the possibility of a carbon border tax and what it means.

And lastly, tax and super guru Timothy Munro gives his thoughts on the overhaul of the superannuation performance test and the upcoming budget.

Have a question for our experts? Get in touch at [email protected] and you might get featured on the next episode.

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From financing a credit card debt to deciding on a home loan, Nest Egg’s got your back! " ["secure"]=> int(0) ["page_description"]=> string(7) "nestegg" ["page_rights"]=> NULL ["robots"]=> NULL ["page_heading"]=> string(66) "Borrow Money - Your Guide to Loans and Credit Management | nestegg" ["access-view"]=> bool(true) } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["displayDate"]=> string(19) "2021-05-04 06:34:30" ["slug"]=> string(113) "16722:has-the-property-market-reached-its-peak-biden-s-climate-summit-and-our-sharemarket-and-the-upcoming-budget" ["catslug"]=> string(11) "302:podcast" ["link"]=> string(126) "/resources/podcast/has-the-property-market-reached-its-peak-biden-s-climate-summit-and-our-sharemarket-and-the-upcoming-budget" ["image"]=> string(65) "images/podcasts/230221_Angel_Zhong_Steve_Waters_Timothy_Munro.jpg" ["image_alt"]=> string(0) "" } }

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Has the property market reached its peak; Biden’s climate summit and our share...

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There is $17.5 billion in lost and unclaimed super across ...

Borrow

‘Watertight’ funding requirement sees Aussie banks named and shamed

By Grace Ormsby

July 25 2019
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Borrow

‘Watertight’ funding requirement sees Aussie banks named and shamed

By Grace Ormsby
July 25 2019

Three Australian banks have been criticised for calling their intra-group funding arrangements “stable” despite having agreements in place that have the potential to undermine each ADI’s ability to weather financial stress.

‘Watertight’ funding requirement sees Aussie banks named and shamed

By Grace Ormsby

July 25 2019
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Macquarie Bank, Rabobank Australia and HSBC Bank have all been called out by APRA for being in breach of the prudential liquidity standard.

A review from the authority found the banks were “improperly reporting the stability of the funding they received from other entities within the group”.

It was said that the banks had provisions in their funding agreements that would potentially allow the group funding to be withdrawn in a stress scenario, “undermining the stability of the Australian bank”.

Commenting on the breaches, APRA’s deputy chair John Lonsdale said, “Macquarie Bank, Rabobank Australia and HSBC Australia are financially sound, with strong liquidity and funding positions in the current stable environment.”

“However, to ensure they would be able to withstand a scenario of financial stress, group funding agreements for Australian banks must be watertight, so they can be relied on when they would be most needed,” he added.

APRA said it now requires these banks to strengthen their intra-group agreements to ensure term funding can’t be withdrawn in financial stress scenarios.

The banks must also restate past funding and liquidity ratios where they were reported incorrectly to provide transparency for investors and the community, a statement explained.

The authority said that supervisors are now considering a range of further options for regulation of the banks in breach, and may impose higher funding and liquidity requirements on all three ADIs.

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About the author

Grace Ormsby

Grace is a journalist on Momentum Media's nestegg. She enjoys being able to provide easy to digest information and practical tips for Australians with regard to their wealth, as well as having a platform on which to engage leading experts and commentators and leverage their insight.

About the author

Grace Ormsby

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