Updated

Libs vow to fight reforms that could harm community banks 'all the way'

JG
Updated June 10 2024 - 1:29pm, first published 6:30am
The Coalition has vowed to fight proposed Australian Prudential Regulation Authority changes it claims will heap pressure on community banks but not impact the Big Four. File picture.
The Coalition has vowed to fight proposed Australian Prudential Regulation Authority changes it claims will heap pressure on community banks but not impact the Big Four. File picture.

New liquidity standards proposed by the prudential watchdog to prevent bank collapses will inadvertently threaten the profitability of mutual banks, credit unions and customer-owned banks and place further stress on a regional banking sector already at crisis point.

JG

Jason Gregory

National Rural Affairs Writer

National rural affairs writer for ACM's agricultural print and digital publications, covering federal politics, agri-politics and life in the regions. 2023 National Rural Press Club award winner. Send story tips to jason.gregory@austcommunitymedia.com.au

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