Report reviews the main features of major banks in Australia and Canada
Banks have experienced the greatest rise in negative outlooks
Proposed rule would bring greater clarity to bank financial statement
Banks will also face challenges as earnings growth is expected slow
Replacing revenue will be difficult
Canada ahead of other ‘AAA’ rated peers rated
Rating drift remains positive at the speculative grade level, but deteriorated at the investment grade level
The risks of a negative shock are rising
Outlook stable
A scenario that involves leaving the euro would do much more damage