CIRSF Annual International Conference 2019 Financial Supervision and Financial Stability Ten Years After the Crisis: Achievements and Next Steps Lisbon, 4 July 2019  Banking Union: Crossing an Unstable Bridge Panel contribution by Elisa Ferreira, Vice-Governor of Banco de Portugal i  Good morning ladies and gentlemen. It is a great pleasure to participate in this panel.
Overall, we think the Australian financial system is resilient to a range of potential shocks, be they from home or abroad. Banks’ capital positions are sound and are being strengthened over time. They have little exposure to those economies that are under acute stress at present. Measures of asset quality – admittedly backward-looking ones – have been improving.