With the federal election now in the rear view, the nation’s largest banks can shift their attention to the health of global funding markets and Australia’s ability to retain its coveted AAA credit rating.

Our major banks are among the biggest financial institution borrowers in the world, tapping global markets for about $30 billion to $40 billion every year. That underscores the importance of global funding markets to our financial system and the ability of credit to keep flowing through the economy.