Capital Risk Materially Reduced; New Capital Rules Pose No Problems for Major Banks; FVEs Unchanged
Based on our estimates, the four major Australian banks are well positioned to raise or release approximately AUD 9 billion in new capital in the next 2.5 years to meet the Australian Prudential Regulation Authority's tougher regulatory requirements. Our forecasts already assume higher capital requirements, so our fair value estimates are unchanged. APRA requires authorised deposit-taking institutions, or ADIs, that use the advanced internal-ratings-based model for capital adequacy to increase m...Macquarie Group is non-operating holding company. Through its subsidiaries, Co. provides banking, financial, advisory, investment and funds management services. Co.'s principal activities include distribution and manufacture of funds management products; trading in fixed income, equities, currency, commodities and derivative products; corporate and structured finance, advisory, underwriting, facilitation, broking and real estate/ property development; and banking activities, mortgages and leasing. As of Mar 31 2016, Co. had total assets of A$196.76 billion and total deposits of A$52.25 billion.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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