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Accountants ‘fed up’ as banks shift pandemic risk Apr 18, 2021 – 11.00pm Save Share Accountants have slammed banks for an “explosion” of requests to provide “capacity to repay” letters, as the financial services sector seeks to shift its credit risk amid the post-pandemic recovery and surging property market. Long-running tension over requests has ramped up in the wake of COVID-19, with landlords and real estate agents requesting the certificates for the first time, which in some cases extend to accountants being asked to certify if a borrower’s future earnings will be affected by coronavirus. The pandemic has put the “frighteners on lenders” that do not  want to be on the hook if a borrower, tenant or buyer defaults, says CPA Australia’s Jane Rennie. 

Jane rennieAnna blighGalluccio griggsHugh zimmermanAustralian bankers associationWest australianஜேன் ரென்னிஅண்ணா பிலிக்ஹக் ஸிம்மர்மந்ஆஸ்திரேலிய வங்கியாளர்கள் சங்கம்மேற்கு ஆஸ்திரேலிய