Chanticleer
Why Shayne Elliott says it’s time to tweak responsible lending rules
The ANZ boss says the derisking of Australia’s very safe banking system is coming at a cost to growth and economic dynamism. A rebalancing is required.
When the biannual bank earnings season starts this week, the focus will be firmly on whether the nation’s overvalued lenders can deliver on net interest margins, bad debts and cost containment.
You will hear plenty of different voices, from chief executives spinning their numbers, to sceptical analysts asking tough questions, and investors trying to work out what weight the banks should have in their portfolios.
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