Crisis Talk — with ANZ’s head of group funding, Mostyn Kau

ANZNZ_Alamy_230x150
By Bill Thornhill
18 May 2020

Unlike many other banks, ANZ has had no need to draw on central bank emergency liquidity lines during the coronavirus pandemic. Its risk-weighted assets have grown but this has been offset by greater retail deposits. And, as head of funding Mostyn Kau revealed, what subordinated debt issuance it does have to do will be for regulatory reasons rather than to do with Covid-19 crisis funding.

GlobalCapital: How has your funding changed since March 1?

Mostyn Kau, ANZ: We were well advanced with our funding plans and well ahead on our TLAC and tier two funding, so we’ve been under no pressure. 

But what has changed since then is the Term Funding Facility (TFF) ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.