Reference no: EM131624902

Question:Obtain the 2015-16 financial statements of (i) Westpac Bank; and (ii) AMP a) Prepare the following schedule: Westpac Description of the top 5 assets (in descending order of % of total assets) Amount and % of total asset 1. 2. 3. 4. 5. Description of the top 5 liabilities (in descending order of % of total liabilities) Amount and % of total liabilities 1. 2. 3. 4. 5. AMP Description of the top 5 assets (in descending order of % of total assets) Amount and % of total asset 1. 2. 3. 4. 5. Description of the top 5 liabilities (in descending order of % of total liabilities) Amount and % of total liabilities 1. 2. 3. 4. 5. b) Explain the distinguishing characteristics of the two entities with respect to the five assets and liabilities in a) under the following headings: i) Core customers; ii) Duration distribution (in %) of assets (long (10 years or over); short-term (5 years or less); or medium (between 5 and 10)); iii) Duration distribution (in %) of liabilities (long (10 years or over); short-term (5 years or less); or medium (between 5 and 10)); iv) Duration matching of assets and liabilities. c) Which of the following risks is each of the two entities most vulnerable of: interest rate; credit; foreign exchange; collapse of financial markets; or off-balance-sheet? Please justify, with supporting data and calculations where appropriate. d) What regulatory measures are in place in Australia to protect (i) the core customers; and (ii) the core investors (viz. stock holders) of each of the three entities? Please explain.