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The New Daily
The New Daily
Business
Poppy Johnston

RBA says it’s harder to break the bank in Australia

Reserve Bank assistant governor Christopher Kent says Australian banks are on a firm footing despite strained conditions in global financial markets. Photo: AAP

A senior Reserve Bank official says Australia’s banks are “unquestionably strong” despite financial stability concerns rocking global markets.

The comment by Reserve Bank of Australia assistant governor for financial markets Christopher Kent comes in the wake of UBS Group’s takeover of troubled rival Credit Suisse.

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