Pricing jags out but Australian majors resilient to turbulence for now
- Wednesday, 10 August 2011
Although extreme volatility is keeping primary issuance on hold across all markets, intermediaries are optimistic that the current environment is unlikely to evolve into a similar liquidity crunch for banks as seen in 2008. And market participants point out that even if another funding squeeze was to occur the Australian banks are much better prepared to weather the storm this time round.
