True of False questions with 2-3 sentences to explain why

4. Since the introduction of Liquidity Coverage Ratio (LCR) under Basel 3, Australian banks have always managed to meet this requirement. 5. Since post GFC, banking regulations have become too complicated with so many different required capital ratios and other rules such as stress tests and living wills. All this could be replaced with a simple regulation such as a leverage ratio of 8% or 10%. 6. Although Australian banks are pretty big, they are not classified as globally systematically important banks