CFO | Support You Can Bank On Banks create liquidity for the economy by being illiquid themselves, lending longterm Any of Commonwealth Bank of Australia, ANZ banking Group, Westpac http://www.cfoweb.com.au/stories/20021101/16717.asp
Extractions: By Graham Hand Other people's money I n Sydney recently, ratings agency Moody's Investors Service hosted a conference on structured finance and liquidity. Moody's had some fascinating insights into how it rates Australian banks. Much of it was not flattering. Deborah Schuler, a Moody's vice president and senior credit officer, explained how the agency judges the quality of bank liquidity, including its evolving "cash capital" framework. This allows a statistical analysis of potential structural problems in liquidity management. Globally, Moody's worries about liquidity in banks were: Heavy reliance on wholesale funding. Retail deposit growth cannot fund loan growth due to increasing disintermediation (diversion of savings to funds managers). Assets are long-term and liabilities short-term. Holdings of liquid assets are "very low".
IHT: Australia Central Bank Keeps Key Rate Steady It will give its latest view on the economy in its The Bank of England is widely expected by economists to February to a 15month low, the australian Bureau of http://www.iht.com/articles/518410.htm
IDEAS: RBA Research Discussion Papers, Reserve Bank Of Australia Research by Staff of the Reserve Bank of Australia Process Some Lessons from an Open economy by Guy rdp200202 australian Use of Information Technology and its http://ideas.repec.org/s/rba/rbardp.html
Extractions: SUBJECTS: IMF/World Bank Meeting, International Economy, Australian Economy, Exchange Rate TREASURER: From here I'll be going to New York to open the Merrill Lynch investment conference for investing in Australia, and to talk to a foreign policy association in relation to prospects for economic growth in Asia. JOURNALIST: Treasurer, first, how much discussion if any have you had at this meeting about the possible economic effects of military action in the Middle East by the United States, perhaps early in the New Year. TREASURER: Well, if there is instability in the Middle East you would expect that from an economic point of view that will have an effect on oil prices, and rising oil prices is a negative for growth in the developed world, so that's something to bear in mind when you're looking at the prospects. To some degree, we've already seen those price rises. The point I'm making here is that it's not necessarily just military intervention, but it's volatility and instability that effects its way into prices, and higher oil prices are not good for the American economy or indeed the Australian economy or any developed world economy. We lived through a period of rising oil prices in 2000 in Australia, and that was not good nor conducive for economic growth.
Westpac Banking Corp. - News And Latest Information strategist in Sydney at Westpac banking Corp. ``It s harder to be upbeat about the Japanese economy. Then there s the pension Australia s Dollar Has Its http://www.inboxrobot.com/news/WestpacBanking
Business News - of the stock index, said its result was hurt by losses on unauthorised forex trading losses, weaker British banking earnings and pressure on australian margins http://www.nzherald.co.nz/business/businessstorydisplay.cfm?storyID=3566063&thes
Catalogue | LexisNexis Australia Acts and the Money Lending Acts. Money, Credit and Debt; Bank Credit and Finance in the australian economy and the Wallis Reforms; http://www.lexisnexis.com.au/aus/products/catalog/search/product_display.asp?pro
Extractions: THE OF This site presents an analysis of the Australian government's economic policies compared to a revised list of 34 economic policies as prepared by Mr. Campbell Stubbs with the McKeever Institute of Economic Policy Analysis (MIEPA) in December of 2001. To read the analysis scroll through this site. To learn more about the background policies, click here Introduction and Policy Recommendations To learn more about MIEPA , click here Return to MIEPA 's Home Page Campbell Stubbs, an Australian native who currently [December 2001] lives in Berkeley, has completed a study of his home country government's economic policies as compared to the MIEPA list of policies as outlined above. The study on Australia is shown below. The ratings herein are based on the following rating scale: RATING SCALE 5.0 Perfect Facilitation of Wealth Creation
Scotsman.com Business - Economy - Clydesdale's £40m Upgrade economy. The Scotsman Thu 13 May 2004. Clydesdale s £40m upgrade JAMES DOW NATIONAL Australia Bank is to pump £3040 million into its subsidiary, Clydesdale http://business.scotsman.com/economy.cfm?id=543382004
Asia Pacific The APRA report accuses National Australia Bank of turning a fears in China s rapidly expanding economy by offsetting the amount of bank lending. http://quickstart.clari.net/voa/art/dq/11CA8708-F416-41D3-9363429ADC37D027.html
Extractions: China's Central Bank announces plans to tighten credit and the National Australia Bank comes under sharp criticism. The body that oversees Australia's banking standards has issued a scathing report criticizing National Australia Bank. The Australian Prudential Regulation Authority, or APRA, says management should have been aware sooner of irregularities in its foreign currency training operations before losses spiraled out of control. NAB announced $270 million U.S. dollars in losses in January, sparking a marketplace backlash and the firing of several senior managers. APRA Chairman John Laker tells the Australian Broadcasting Corporation the Authority tried to warn the National Australia Bank Chairman as early as January of last year. "We identified serious cracks in their defenses to handle risk, we signaled our concern to senior management and took the step of writing to the chairman of the board," he says. The APRA report accuses National Australia Bank of turning a blind eye to standard risk management procedures.
Investor - News - Greenwood Chinese Seachange Needs Attention Regulatory Commission has suspended new bank loans until form of slowing down the economy (if, in a in Chinese economic conditions is a change in Australia s. http://investor.ninemsn.com.au/investor/News/Comment/story_805.asp
History - Macquarie Bank Ltd Macquarie Bank adopted its name from Governor Lachlan Macquarie for transforming the early settlement in Australia from a penal colony into a dynamic economy. http://www.macquarie.com.au/au/about_macquarie/company_profile/history.htm
Extractions: Macquarie in the community You are here: About Macquarie Bank Company profile History Established in Australia in 1969, it began operations in Sydney in January 1970 with only three staff. In 1981, in response to changes evolving from the deregulation of financial markets, HSA commenced work on a proposal to become a trading bank. Authority for HSA to become Macquarie Bank Limited was received from the Federal Treasurer on 28 February 1985, making it only the second private trading bank to be established in Australia this century. Macquarie Bank adopted its name from Governor Lachlan Macquarie, a leading pioneer and the man responsible for transforming the early settlement in Australia from a penal colony into a dynamic economy. The Bank's logo is a stylised version of the Holey Dollar , which Lachlan Macquarie introduced in 1813 as the first domestic coinage of the colony. Macquarie Bank took over all the existing activities of HSA and opened its doors for business on 1 March 1985 with a retail branch in Sydney. A trading bank branch was opened in Melbourne a few months later and in Brisbane in November 1986.
Journal Of Corporate Citizenship - JCC 4 and Maree Fitzpatrick, Victoria University, Australia Banks represent an important industry in Australia owing to their size and overall impact on the economy. http://www.greenleaf-publishing.com/jcc/jcc4.htm
Embassy Of Ukraine In Australia - Economy Overview consecutive decrease of discount rate of National Bank of Ukraine Courtesy Ministry of economy and European Integration. Embassy of Ukraine in Australia, 2003. http://www.ukremb.info/index.php?p=5
Australia Banking News - Media Monitoring Service By EIN News Australia banking News. Stories you won't find elsewhere. Service for global professionals. Constantly updated news and information about Australia banking. http://www.einnews.com/australia/newsfeed-AustraliaBanking
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Business News - Bank Humming In Two Years Says Stewart National Australia Bank reported a 9 per cent drop in firsthalf profit before one-off gains yesterday and warned it could take two years to overcome a forex http://www.nzherald.co.nz/business/businessstorydisplay.cfm?storyID=3566062&thes