Daily briefs

Daily briefs: Buffers protecting banks from Covid downturn

The Reserve Bank of Australia

The Reserve Bank says Australian banks' capital buffers would not break below minimum levels even if the downturn was "substantially more severe than expected". Image credit: iStock

Well-capitalised banks, profitability and predominantly secure loan books mean Australia's financial system is in a good position to support the economic recovery from Covid-19, the Reserve Bank says.[.....]

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