APRA waves wet lettuce at bank offshore funding

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By Leith van Onselen

Australian Prudential Regulatory Authority (APRA) chief, Wayne Byers, has continued his arse covering roadshow, cautioning the banks about their exposure to offshore funding markets. From The AFR:

The Achilles heel of Australia’s banks has, and is likely to remain, a reliance on offshore wholesale funding…

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.