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RBA: Australia's financial system is resilient and well placed to fight coronavirus
Regulators and government working closely together. Australia's financial system is resilient and it is well placed to deal with the effects of COVID-19. Banking system is well capitalized and is in a strong liquidity position. Australia's council of financial regulators (CFR) says substantial financial buffers are available to be drawn down if required to support the economy. Trading liquidity has deteriorated in some markets and financial institutions are having to adjust to a more volatile environment. RBA will be conducting one-month and three-month repurchase (repo) operations until further notice. RBA will ... (full story)