13 March 2023
Attributable to a spokesperson for the ABA:
“The Treasurer has indicated that the federal government is closely monitoring the situation.
The SVB case in the US has been brought about by a particular set of factors, including a high exposure to the tech industry.
Australia’s banks in contrast are strong and subject to a different set of regulatory frameworks.
ABA members are well diversified and therefore well positioned in the event that one sector experiences challenging financial circumstances.
They are well capitalised and already meet Australian Prudential Regulation Authority’s (APRA) “unquestionably strong” benchmarks. Further to this, Australian banks have this year implemented revised capital requirements, further strengthening financial resilience.”
Latest news
Check against delivery Thank you, Chair, and members of the Committee, for the opportunity to appear today. Improving productivity is one of the defining economic challenges facing Australia, and many developed economies. Productivity ultimately determines whether real wages rise, whether Australia remains an attractive place to invest, and whether the next generation is better off… Read more »
Australian banks welcome the release of new Statements of Expectations for APRA and ASIC, which put economic growth, proportionate regulation and cutting unnecessary regulatory burden at the centre of how Australia’s financial regulators operate. ABA CEO Simon Birmingham said the inclusion of growth mandates in these new statements is something the banking industry has consistently… Read more »
E&OEPodcastFear + Greed8 July 2026. Topics: Household ownership of banks; Banking as critical infrastructure Sean Aylmer: Welcome to Fear and Greed Q&A, where we ask and answer questions about business, investing, economics, politics and more. I’m Sean Aylmer. We talk plenty about the banks on this podcast. After all, the big four and Macquarie are… Read more »