Banks Told to Prepare for the Worst - Shapiro & Cornell

Quicklink submitted By   Follow Me on Twitter     Message Dr Stuart Jeanne Bramhall     Permalink
Related Topic(s): ; ; ; , Add Tags

News 1   Interesting 1   Valuable 1  
View Ratings | Rate It

Author 47501
Become a Fan
  (67 fans)
Australian banks have been ordered to urgently (within one week) stress test their ability to withstand a sharp rise in unemployment, a ­collapse in the property ­market and economic recession amid rising anxiety over the European debt crisis. The Australian Prudential Regulation Authority has told banks to model what would happen if the European meltdown spread to Australia.

Read the rest of the story HERE:


- Advertisement -
- Advertisement -