Opinion
The era of offshore bank funding is over
Aside from its immediate hit, the coronavirus will cause the most significant change in the funding of Australia's financial system in decades.
Grant WilsonContributorBeyond the collapse in second-quarter GDP unveiled last week, COVID-19 is set to have a far-reaching impact on the structure of Australia’s capital markets and financial system.
Our banks will retire offshore sources of financing, our superannuation funds will rethink how they hedge international asset exposures and offshore issuers in Australian dollars will depart the scene.
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