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Aussie banks told to boost mortgage capital

The increase forms part of the regulators' attempt to ensure the financial system can cope with any downturn in the rising housing market

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Goldman Sachs estimates Commonwealth Bank and Westpac will need A$4 billion of capital each, while ANZ Bank and National Australia will require about half that.
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Goldman Sachs estimates Commonwealth Bank and Westpac will need A$4 billion of capital each, while ANZ Bank and National Australia will require about half that.

Sydney

AUSTRALIA'S biggest lenders will have to set aside more capital against potential losses on home loans, the nation's banking regulator said on Monday in its latest move to bolster the financial system.

Under rules coming into force on July 1, 2016, the average risk weight on