Post-coronavirus deposits are safe with the banks, and debt for property is not a huge risk, say regulators – ABC News

A 40 per cent fall in Australian house prices is an “extreme but plausible”‘ scenario, according to a Reserve Bank of Australia discussion paper on household debt.
Key points:

• A Senate inquiry has rejected a proposed law designed to address fears deposits could be ‘bailed-in’ by failed banks
• A separate RBA paper has found that major banks are strong, and most household debt is held by those who can afford it
• But regulators warn high debt is still a risk, and in a more s…

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