Australia's Council of Financial..........>

AUSTRALIA: Australia's Council of Financial Regulators says the following in a

statement: 

- "Australia's financial system is resilient and it is well placed to deal with

the effects of COVID-19. The banking system is well capitalised and is in a

strong liquidity position. Substantial financial buffers are available to be

drawn down if required to support the economy."

- "The Council is meeting with major lenders later this week to discuss how they

can best support households and businesses through this challenging period. The

Council will be emphasising the importance of a continuing supply of credit,

particularly to small businesses. It will be also discussing with the lenders

whether there are impediments to lending that Council members could help to

address."

- See the full statement at: https://www.cfr.gov.au/news/2020/mr-20-01.html