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Poppy Johnston

RBA says Australian banks strong despite global turmoil

Christopher Kent United States Australia Credit Suisse Reserve Bank Diana Mousina

Christopher Kent says volatility in Australian financial markets has picked up. (Paul Miller/AAP PHOTOS) (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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