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