True and false

1. Unlike its peers in many other advanced countries, Australian banks, especially the big four, face quite a low degree of interest rate risk. 2. One of the fundamental characteristics of high-quality liquid assets is the ease of asset valuation. 3. To meet the liquidity coverage requirement, banks in Australia have raised the average maturity of their term deposit funding, as well as the average maturity of new issuance of both short-term and long-term wholesale debt. 4. One of the causes of low financial development in less-developed countries is due to state ownership problems. 5. Given the flexibility of internal ratings-based models, all banks should apply this approach in the determination of risk weights and regulatory capital. eveloning