BIS Warns of Growing Fragility in Global Markets

The video discusses China's trade surplus, which rose due to increased exports and decreased imports, resulting in a $54 billion surplus. Japan's economy is in a deeper recession than initially estimated, with a contraction of 1.9%, affecting Prime Minister Shinzo Abe's reelection campaign. The Bank for International Settlements warns of fragility in global financial markets, particularly for emerging markets with dollar-denominated debt. The dollar index reached an 8-year high. In Australia, banks may need $25 billion in fresh capital following a government inquiry recommending stronger capital levels.

How much fresh capital may Commonwealth Bank of Australia and its competitors need?

What did Australia's Treasurer Joe Hockey release regarding capital levels?