Aussie ABS in full swing but Appa threatens to break-up the party

Australia’s structured finance bankers proved the growing strength of their domestic market this week, taking leasing company Fleet Partners on a debut ABS deal roadshow as Macquarie Bank became the second RMBS issuer in as many weeks to increase its deal after big demand. But the Australian Prudential Regulation Authority (Apra) dampened spirits when it issued tough guidance on capital relief.