Australia’s biggest banks are poised to scale up their response to the delta outbreak if the situation deteriorates with the sector ready to ramp up support and seek further concessions from the regulator if required.
Bankers are carefully watching the situation that has led to 12 million people being locked down for any sign it may be extended, triggering the need for contingency plans designed for nationwide stay-at-home orders.
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James Frost writes about banking, funds management and superannuation. Based in Melbourne, James has been reporting on specialist business and finance topics for 15 years. Connect with James on Twitter. Email James at james.frost@afr.com
