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Australian banks’ capital levels must be ‘unquestionably strong’, according to the Financial Systems Inquiry. AAP/Dean Lewins

APRA fiddles on bank risk while Rome burns

Andrew Schmulow, The University of Western Australia

Some argue, determinedly and erroneously, that when functioning correctly bank capital levels are almost magical things.
A US inquiry is questioning Lynn Tilton and her firm Patriarch Partners over its relationship with an ex-Army official, Norbert E Vergez. Wikimedia Commons

Private equity’s very public connections

Timothy Spangler, University of California, Los Angeles

US reports have recently circulated of a government probe into the hiring of former Colonel Norbert Vergez by the private equity firm Patriarch Partners, headed by billionaire “turnaround queen” and would-be…

Related Topics

  1. APRA
  2. bank capitalisation
  3. Barack Obama
  4. Financial regulations
  5. RBA
  6. Reserve Bank of Australia
  7. The language of economics
  8. US Federal Reserve

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