Jim Chalmers 2022

The Hon Dr Jim Chalmers MP
Treasurer

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The Hon Dr Jim Chalmers MP
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Treasurer

Opinion piece: Confident, but not complacent, about our banks

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The collapse of Silicon Valley Bank and Signature Bank in the US and the takeover of Credit Suisse has sent waves through global financial markets over the past month but Australian banks are well‑capitalised, well‑regulated and well‑placed to deal with this new source of volatility in the global economy.

We are confident but not complacent in the face of these pressures.