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Investors brace for higher loan provisions after UK blowout – The Australian Financial Review
With the big six UK banks reporting $31 billion of COVID-19 write-offs, local investors fear higher provisions from the big four starting next week with CBA.
Australian Prudential Regulation Authority deputy chair John Lonsdale on Wednesday told a parliamentary committee: “We are trying to provide more transparency about what is happening.”
“What you will see over the period ahead is a bit more granularity,” he said. “You will see data broken down by entity. And I think you will see some of the risk categories … So we can see more of what is happening,” he told the House of Representatives standing committee on economics.
The major banks are prov…
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