PoliticsNow: 'Closely monitoring': Jim Chalmers on US tech bank collapse fallout

Treasurer Jim Chalmers says initial advice suggests any fallout for Australia's financial system caused by the collapse of the Silicon Valley Bank is 'unlikely to be significant'.

Jim Chalmers has talked up the strength of Australian banking institutions as regulators try to work out the implications of the bank's collapse. Picture: Lachie Millard

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