SYDNEY -The head of Australia's prudential regulator said on Tuesday the country's banks were among the best placed in the world to handle a financial crisis, following the collapse of Silicon Valley Bank (SVB) that roiled international markets. The differences between regulatory requirements for Australian banks versus many overseas jurisdictions 'give us confidence that the banking system here is among the best equipped in the world to handle a crisis,' John Lonsdale, the chair of the Australian Prudential Regulation Authority (APRA), said in speech to the Australian Financial Review's Banking Summit.

https://business.inquirer.net/393401/australias-prudential-regulator-says-banks-well-equipped-to-handle-a-crisis

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