Apra tier two push leaves Australia banks to count the cost

By Tyler Davies
11 Jul 2019

Australia’s bank capital regulator has refused to back down from requiring the country’s largest banks to meet new loss-absorbing debt targets with tier two bonds, raising the prospect of a wave of supply over the next four years. The question now is: how much will it cost them? Tyler Davies reports.

Australia and New Zealand Banking Group (ANZ), Commonwealth Bank of AustraliaNational Australia Bank and Westpac — Australia’s domestic systemically important banks (D-SIBs) — will have to increase their total capital ratios by a margin equal to 3% of their risk-weighted assets by January 2024, according to plans for the ...

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