[private role='subscriber']The release of APRA’s International Capital Comparison study last week is its first response to the last December’s Murray Financial System Inquiry. The main finding is that Australia’s big four banks will need to bolster their capital to a significant extent in order for them to be resilient enough to withstand future shocks. The study found Australia’s major banks have common equity tier 1 (“CET1”) ratios outside the top quartile...