This reflects a combination of our assessment of the group's two key operating units: the bank group and the nonbank group. [...] The nonbank group houses asset-management and investment-banking activities We assess the credit quality of the nonbank group to be weaker than that of the bank group. [...] In our view, the group's risk-management and governance frameworks are commensurate with the unique and complex nature, and broad range, of the group's businesses. [...] We believe the impact on the Australian economy or the financial system of such support not extending to the rest of the Macquarie group is likely to be insignificant. [...] S&P Parties are not responsible for any errors or omissions (negligent or otherwise), regardless of the cause, for the results obtained from the use of the Content, or for the security or maintenance of any data input by the user.
- Pages
- 7
- Published in
- Australia
