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
E&OERadio InterviewABC Radio Sydney20 April 2026. Topics: Banking support; Interest free loans for business; Industry groups call for red tape reduction; Work from home arrangements Thomas Oriti (Host): We’re hearing today that Australian banks are supporting the roll out of zero interest loans with banks to administer them to businesses in identified priority sectors with… Read more »
E&OETV InterviewSky News20 April 2026. Topics: Banking support; Interest free loans for business; Industry groups call for red tape reduction Laura Jayes (Host): Well, this morning the government has announced about a billion dollars’ worth of interest free loans for any businesses with the turnover of less than $5 million that are affected by this… Read more »
Nearly 30 groups representing small, medium and large businesses, and universities, that employ millions of Australians, are calling on all governments to cut regulatory costs by 25 per cent to help consumers and businesses amid surging costs caused by the Middle East war. The Alliance of Industry Associations, which represents every part of the Australian… Read more »