Australian banks have ‘simplified’ their approach to business risk management

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Most Australian banks have “simplified” their businesses in order to increase control of risks, says Morningstar Senior Equity Analyst Nathan Zaia.

“So we’ve seen the regulator really increase the capital requirements and how they approach risk,” he told Sky News

Business Editor Ross Greenwood.“So it’s easier to manage some of these risks when you are smaller and more focused.”

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