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BFCSA investigates fraud involving lenders, spruikers and financial planners worldwide.  Full Doc, Low Doc, No Doc loans, Lines of Credit and Buffer loans appear to be normal profit making financial products, however, these loans are set to implode within seven years.  For the past two decades, Ms Brailey, President of BFCSA (Inc), has been a tireless campaigner, championing the cause of older and low income people around the Globe who have fallen victim to banking and finance scams.  She has found that people of all ages are being targeted by Bankers offering faulty lending products. BFCSA warn that anyone who has signed up for one of these financial products, is in grave danger of losing their home.


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BFCSA: RBA quietly increases banks’ bailout buffer

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BY Christopher Joye - 06 Mar 2013 00:06:00


In a globally unique policy, the Reserve Bank of Australia will supply banks with a permanent bailout facility worth up to $380 billion by 2015.

The policy has been designed by the RBA to help banks satisfy stringent new liquidity tests which simulate “acute stress scenarios” that deny banks funding for 30 days under the post-GFC rules, Basel III.

Local regulators argue that insufficient liquid assets such as government bonds meant they had no choice but to give the banks a new taxpayer-backed “line of credit” that could be tapped at a cost just above the RBA’s cash rate. Smaller building societies and credit unions are not subject to the liquidity tests and will not, therefore, have access to the bail-out fund.

Remarkably few people inside or outside financial markets are familiar with, or understand, this “committed liquidity facility”, which will be managed by the RBA.

“Subject to the availability of the CLF, Aussie banks can’t run out of cash,” CLSA’s banking analyst Brian Johnson says. The CLF will cauterise one of the banking system’s single biggest vulnerabilities: its historically large dependence on wholesale funding. Standard & Poor’s recently cited this as a key risk to Australia’s prized AAA credit rating.

Yet there has been no public debate about the establishment of the facility, the terms under which banks can use it, the risks to which it exposes taxpayers, or the absence of independent oversight of the handful of officials who control it.

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  • doyla66
    doyla66 Saturday, 05 October 2013

    That's pretty bad. I thought that rubbish went with the last government.
    And why let the RBA look after it? The RBA is in enough trouble over illegal conduct and serious governance breaches in the last cover up!
    I read a report that Bank cash deposits had either stalled or diminished in August 2013.
    After reading this post I'm not surprised.
    If this government give these corrupt and amoral Banks and their gambling mates a hand out then:
    1. No one will trust an Australia Government ever again
    2. No one will leave their capital/cash in a Bank or any other account
    3. People will wonder why their taxes should prop up dirty thieving Banksters yet again, while the rest of us sweat to keep these bloated monoliths of bastardry afloat.
    4. There will be a revolution in Australia: pots and pans or some form of rebellion over this atrocious direction.
    Stop the subsidies for Banks and other rogue lending organisations now!
    5. The sale of safes will escalate as no one will trust a Bank to hold their money.
    I hope the Government is reading this and will revise this approach to keeping the Banks, which are corporations, afloat. Let them sink and drown in the problems of their own creation. No sympathy.

  • doyla66
    doyla66 Saturday, 05 October 2013


    Remember these banks are making billion dollar profits and pay shareholders handsome dividends every six months through ripping Australian families apart through fraudulent means (stitching people up with toxic fraudulent loans all designed by themselves) then have the cheek to ask the Australian taxpayer to bail them out of a tight spot just because they have gambled too heavily.
    Shareholders still get their dividend half yearly which every other Australian citizen subsidise. Just because they are in business handling money why should they be in a position to be propped up against a company that has to do it the hard way or go broke.

  • doyla66
    doyla66 Saturday, 05 October 2013

    Maybe Bank Shareholders Should be looked at in a different light

    If you are a shareholder or stakeholder of any Bank Shares you should be dropping them right now or be seen exactly as we see the Banksters themselves crooks and racketeers. The blood is on everybody's hands that have profited from the gross Fraud being perpetrated by the Banking and Finance Industries on common decent hardworking families. Anybody happy taking a return from an industry that delights in reducing people to poverty is just as guilty as the industry leaders that pillage and plunder the community. Every other Australian is forced to bail them out through Government Guarantees paid for by OUR TAXES, pure double dipping get ripped off by a protected spiecies, then re-establish them with our money again when they fail. I have a feeling we will have the chance to test the theory sooner rather than later and to those still holding your precious Bank Shares good luck.

  • doyla66
    doyla66 Sunday, 06 October 2013

    Shareholders of Nab need to be aware of the wastage within the organisation. Nab would have spent hundreds of thousands of dollars taking possession of our home. For what? There is no logic nor profit that is to be achieved from this. The only satisfaction Nab can say has come from this possession is the fact that Nab have beaten a self litigant in court. So what!!!!!That is hardly a great achievement. It doesn't put money into the coffers for shareholders of Nab. A small rural holding in a dairy district with very little value. Sale of our home will not even cover the legal costs let alone touch the alleged loan. Nab you have shot yourselves in the foot. Nab, your fraudulent manipulations of a business loan have certainly not paid off this time and only made you all look FOOLISH, FOOLISH, FOOLISH. The gigantic loss on this possession look absolutely ridiculous, the figures speak for themselves and you should be ashamed. I know if I was the CEO of NAB I would not like the Shareholders to get wind of this excessive wastage of profits within Nab.

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