IMF says Australia's big 4 banks should hold more capital

11/18/2012 | Sydney Morning Herald (Australia), The

The sheer size of Australia's four leading banks suggests they would be in line for a government bailout should they encounter difficulties, the International Monetary Fund says. Therefore, they should be required to hold more capital, the fund advised, even as it pronounced the country's overall financial system "sound, resilient and well managed."

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Sydney Morning Herald (Australia), The

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