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How safe are Australian banks?

This video must be taken in its entirely and any given chapter viewed in isolation does not represent the entire message.

Amid talks in the media about the vulnerability of Australian banks and substandard loans, Shane Oliver reaffirms the position of banks in the current environment and discusses the differences between Australian and American lending – specifically how Australia is not experiencing the sub-prime lending issue that occurred in America prior to the global financial crisis.

AMP Capital TV