Australian Banks Have Been Told To Assume A Worst Case Scenario Concerning A European Union Debt Crisis And Currency Meltdown

| December 15, 2011

According to the Australian Finance Review, banks down under “have been given 1 week by regulators to stress test how they would handle a spike in joblessness and a¬†plunge in home prices spurred by EU debt crisis.” ¬†Bloomberg First Word describes for us what the article says: Australian Prudential Regulation Authority envision worst-case scenario of […]

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