Australia’s CFR: Outlook on the economic recovery remains uncertain

Australia's Council of Financial Regulators (CFR), in its latest report, said the outlook, including the nature and speed of the expected recovery, remains uncertain.

Additional takeaways

"Financial institutions entered with a high level of resilience, will continue to experience the flow-on effects of stress."

"Encourage institutions to make use of their capital buffers to continue to support businesses and households."

"Economic activity is now beginning to recover in some sectors."