Financial system inquiry calls on big banks to hold billions more capital

Australia’s big banks will have to hold billions of dollars in additional capital to ensure they are “unquestionably strong” and they should specifically assign more capital to mortgage lending, the final report of the financial system inquiry declares.

James EyersSenior Reporter

Updated Dec 8, 2014 – 5.29am, first published at Dec 7, 2014 – 6.03pm

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Australia’s big banks will have to hold billions of dollars in additional capital to ensure they are “unquestionably strong" and they should specifically assign more capital to mortgage lending, the final report of the financial system inquiry declares.

James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay