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We live in your world - June 2012

We live in your world - June 2012

Submission to the Inquiry into the Post-GFC Banking Sector

Submission to the Inquiry into the Post-GFC Banking Sector

While Australia’s banking system has weathered the Global Financial Crisis (GFC) in sound shape, pressure on our cost of funds has increased and global economic conditions remain highly volatile, we have told an Australian parliamentary inquiry into the post-GFC banking sector.


In particular, we have stressed the important contribution a robust banking sector makes to the overall economy by attracting the capital that finances economic growth.


The Inquiry has provided us with an opportunity to explain the changes in our funding costs and to discuss our profitability in the context of the similar returns achieved by other major Australian companies.

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