Australians wait for their own cover version
Introducing covered bonds would be a good way of weaning Australian banks off the government guarantee while retaining rates investors, the panellists at the Euromoney Australian debt capital markets forum’s banking panel agreed on Tuesday.
The Australian banking system held up better than most and a government guarantee was introduced to maintain competitiveness in the international markets rather than an emergency measure.
If it went well it was because the system was robust, said Rupert Haywood, head of group funding at Suncorp Metway. Covered
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: firstname.lastname@example.org or find out more online here.