Are Australian Banks Too Big? Kevin Davis Professor of Finance, - PowerPoint PPT Presentation

Jan 14, 2024 •261 likes •364 views

Are Australian Banks Too Big? Kevin Davis Professor of Finance, University of Melbourne Research Director, Australian Centre for Financial Studies & Professor, Monash University Bank Deposits/GDP: High Income Countries 2015 400 350

Are Australian Banks Too Big? Kevin Davis Professor of Finance, University of Melbourne Research Director, Australian Centre for Financial Studies & Professor, Monash University
Bank Deposits/GDP: High Income Countries 2015 400 350 Luxembourg Hong Kong 300 Australia Deposits/GDP 250 Japan 200 Cyprus 150 100 50 0 Country Source: World Bank Global Financial Database (series GFFDD.OI.O2)
Bank Assets/GDP (%): High Income Countries 2015 300 Hong Kong Cyprus 250 Denmark Switzerland Japan 200 Singapore Australia 150 100 50 0 ATG ABW AUS AUT BHS BHR BEL BRN CHL HRV CYP CZE DNK EST FIN FRA DEU GRC HKG HUN ISL ISR ITA JPN KOR KWT LVA LTU LUX MAC MLT NLD NOR OMN POL PRT QAT SAU SYC SGP SVK SVN ESP KNA SWE CHE TTO ARE GBR USA URY Source: World Bank Global Financial Database (series GFFDD.DI.O2)
Finance&Insurance: Share of GDP 14.0% 24.7 12.0% 10.0% Australia 8.0% 6.0% 4.0% 2.0% 0.0% Source: https://stats.oecd.org/index.aspx?queryid=60702 (data = B1GVK/B1_GE),
BANK CONCENTRATION RATIOS: 2015 HIGH INCOME COUNTRIES 100 90 80 Australia 70 60 5 BANK 50 40 30 20 10 0 0 10 20 30 40 50 60 70 80 90 100 3 BANK Source: World Bank Global Financial Database (Series GFDD.OI.O1, GFD.OI.O6) http://www.worldbank.org/en/publication/gfdr/data/global-financial-development-database
Major Bank Stock Prices 2014-16 (Index: 2 Jan 2014 =1) 1.40 1.20 1.00 0.80 0.60 0.40 0.20 0.00 01-Jän-14 20-Jul-14 05-Feb-15 24-Aug-15 11-Mär-16 27-Sep-16 ANZ CBA NAB WBC
Major Banks: Implied Volatilities 45.0% 40.0% 35.0% 30.0% 25.0% 20.0% 15.0% 10.0% 5.0% 0.0% 22.02.11 22.02.12 22.02.13 22.02.14 22.02.15 22.02.16 CBA Implied ETO Vol ANZ Implied ETO Vol WBC Implied ETO Vol NAB Implied ETO Vol
Major Banks: Bond Yields (margin to Govt rate) 1.40% 1.20% 1.00% 0.80% 0.60% 0.40% 0.20% 0.00% 22.01.15 22.04.15 22.07.15 22.10.15 22.01.16 22.04.16 22.07.16 22.10.16 22.01.17 CBA senior bonds margin (7.25% May 2020 maturity, issued 2010) ANZ senior bond margin (ANZ 3.765% JUL 2019) WBC senior bonds margin (7.25% Feb 2020 maturity, issued 2010) NAB senior bond margin (NAB 7.25% March 2018)
Major Banks: "Bail-in" Securities Yields 6.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% 17.04.13 17.10.13 17.04.14 17.10.14 17.04.15 17.10.15 17.04.16 17.10.16 CBAPD Margin to first call date ANZPC Margin to first call date WBCPC Margin to first call date NABPA Margin to first call date

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