For the major banks in Australia the main risks faced during the GFC were:

Question

Quizplus · Accepted Answer

During the GFC, the major banks in Australia faced significant liquidity and funding risks due to their reliance on wholesale funding markets. As global credit markets froze, it became difficult for these banks to obtain funding, leading to liquidity shortages. This in turn increased counterparty credit risks and decreased market liquidity, further exacerbating the situation. Therefore, option D - liquidity and funding risks - is the best choice.

For the Major Banks in Australia the Main Risks Faced