NAB pushing for corporate bond market: report

Lambert warns banks need to find alternative funding sources to lend to businesses.

Steve Lambert, executive general manager of debt markets at National Australia Bank Ltd, has warned banks may not have the funds to lend to businesses in the face of stronger credit demand because of global rules requiring lenders to hold more capital, The Australian Financial Review reports. 

According to the newspaper, Mr Lambert stressed the need for alternative sources of funding to be found, as NAB launched a report on the development of a corporate bond market as a "viable funding source for companies".

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