{"id":6318,"date":"2012-12-02T18:54:31","date_gmt":"2012-12-02T23:54:31","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=6318"},"modified":"2012-12-02T18:54:31","modified_gmt":"2012-12-02T23:54:31","slug":"imf-australias-banks-need-more-capital","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/12\/02\/imf-australias-banks-need-more-capital\/","title":{"rendered":"IMF: Australia&#039;s banks need more capital"},"content":{"rendered":"<p>The IMF identifies risks to Australia&#8217;s banking system:<\/p>\n<blockquote style=\"background-color:#ddddff;\">\n<ul>\n<li>Residential mortgages are banks\u2019 single largest asset, and a combination of high household debt and elevated house prices increases the risk in this portfolio.<\/li>\n<li>Banks rely on funding from outside the country, and with the crisis in Europe and the global economy suffering, these funding sources are volatile.<\/li>\n<li>Four major banks dominate the banking system, and they share many similarities that can be a cause of risk spreading from one to another in the event of a crisis.<\/li>\n<\/ul>\n<p>&#8230;&#8230;The four major banks are systemically important which means difficulties in any one of them would have severe repercussions for the financial system and the economy. A higher minimum capital requirement would provide a bigger cushion against potential losses.<\/p><\/blockquote>\n<p>Capital ratios may under-state capital requirements through risk-weighting assets. Past performance is not always a good predictor of the future. I prefer FDIC director Thomas Hoenig&#8217;s unweighted comparison of <a title=\"Alternative to Basel III Capital Rules\" href=\"http:\/\/goldstocksforex.com\/2012\/11\/14\/back-to-basics-a-better-alternative-to-basel-capital-rules-thomas-m-hoenig\/\" target=\"_blank\">tangible assets to tangible equity<\/a>.<\/p>\n<p>via <a href=\"http:\/\/www.imf.org\/external\/pubs\/ft\/survey\/so\/2012\/POL111512A.htm\">IMF Survey: Australia&#8217;s Banks Sturdy, Closely Connected<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The IMF identifies risks to Australia&#8217;s banking system: Residential mortgages are banks\u2019 single largest asset, and a combination of high household debt and elevated house prices increases the risk in this portfolio. Banks rely on funding from outside the country, and with the crisis in Europe and the global economy suffering, these funding sources are &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/12\/02\/imf-australias-banks-need-more-capital\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;IMF: Australia&#039;s banks need more capital&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,31],"tags":[3326,3327],"class_list":["post-6318","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-the-fed-banks-interest-rates","tag-tangible-assets","tag-tangible-equity"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>IMF: Australia&#039;s banks need more capital - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF: Australia&#039;s banks need more capital - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The IMF identifies risks to Australia&#8217;s banking system: Residential mortgages are banks\u2019 single largest asset, and a combination of high household debt and elevated house prices increases the risk in this portfolio. 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As the largest constituent of the ASX 200 index, comprising more than one-third of market capitalization, sector performance is critical in determining future direction of the broader index. Breach of resistance\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"ASX 200 Financial ex Property","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-12-08-xxj.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-12-08-xxj.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-12-08-xxj.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":11265,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/11\/03\/increasing-bank-capital-is-in-the-interest-of-shareholders\/","url_meta":{"origin":6318,"position":1},"title":"Increasing bank capital is in the interest of shareholders","author":"ColinTwiggs","date":"November 3, 2014","format":false,"excerpt":"Westpac CEO Gail Kelly warns that all Australians will have to carry the cost of making the financial system safer: \"Of course you can ever increase capital and become ever more safe, but that does come at a cost. The increasing of capital ends up having ultimately having a diminishing\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10328,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/07\/16\/banks-try-scare-tactics-to-avoid-calls-for-more-capital\/","url_meta":{"origin":6318,"position":2},"title":"Banks try scare tactics to avoid calls for more capital","author":"ColinTwiggs","date":"July 16, 2014","format":false,"excerpt":"ANZ chief executive Mike Smith is the latest banker to warn that the push to increase bank capital ratios will reduce access to bank finance. The AFR reports Smith as saying: It is not just about banks, it is about the real economy \u2013 about corporations, business and individuals... It\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15095,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/04\/04\/apra-wayne-byres-warns-banks-need-more-capital\/","url_meta":{"origin":6318,"position":3},"title":"APRA: Wayne Byres warns banks need more capital","author":"ColinTwiggs","date":"April 4, 2017","format":false,"excerpt":"From APRA chairman Wayne Byres' keynote address to the AFR Banking & Wealth Summit 2017, Sydney: Haven\u2019t we done enough already? The third question is: haven\u2019t we done enough already? The banking system certainly has higher capital adequacy ratios than it used to. But overall leverage has not materially declined.\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5785,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/10\/21\/the-chicago-plan-revisited-imf-working-paper\/","url_meta":{"origin":6318,"position":4},"title":"The Chicago Plan Revisited &#124; IMF Working Paper","author":"Colin Twiggs","date":"October 21, 2012","format":false,"excerpt":"There is growing interest in this IMF Working Paper by Jaromir Benes and Michael Kumhof which discusses removing the role of monetary creation from fractional-reserve banks and assigning it to Treasury. Here is a brief abstract: At the height of the Great Depression a number of leading U.S. economists advanced\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1786,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/04\/imf-survey-icelands-unorthodox-policies-suggest-alternative-way-out-of-crisis\/","url_meta":{"origin":6318,"position":5},"title":"IMF Survey: Iceland&#8217;s Unorthodox Policies Suggest Alternative Way Out of Crisis","author":"ColinTwiggs","date":"November 4, 2011","format":false,"excerpt":"As policymakers continue to grapple with the problems facing the crisis-hit countries in the euro area and the clouded outlook for the global economy, attention has turned to Iceland, which three years ago saw its entire banking system crumble in just a few days. Private creditors ended up shouldering most\u2026","rel":"","context":"In &quot;UK &amp; Europe&quot;","block_context":{"text":"UK &amp; Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/6318","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=6318"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/6318\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=6318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=6318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=6318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}