Paul Dowling, principal analyst at East & Partners Pty Ltd, talks about Australia's banking industry. Westpac Banking Corp, Australia's second-largest lender, said second-half profit fell 13 percent as lending growth slowed and debt market turmoil triggered a drop in earnings at the bank's treasury unit. Dowling also discusses the Reserve Bank of Australia's decision to cut interest rates. He speaks with Susan Li on Bloomberg Television's "First Up."