RBA Financial Stability Review, March 2005

The Reserve Bank of Australia published the March 2005 edition of its Financial Stability Review on 22 March. The RBA's overall assessment is that the Australian financial system is in sound condition.

Banks - the most important intermediaries from a systemic risk perspective - are well capitalised, highly profitable and experiencing levels of bad debts that are very low by both historical and international experience. Further, there are no signs of the excesses in the commercial property

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