Thomson Financial News - While risks to the strong growth outlook for Australia have increased, the domestic economy is facing the current volatility in global credit markets from a position of strength. Overall, we see operating conditions in both Australia and New Zealand remaining broadly supportive, with Westpac well positioned in both markets. Our conservative balance sheet, our strong risk disciplines, our diversified funding and our prudent liquidity will allow us to handle the current market conditions and competitive environment and to still pursue opportunities that arise.