Since the sub-prime crisis of 2008/2009, ASIC have had a history of warning investors of the perils of hybrid securities. The GFC forced investors to re-evaluate the price stability of hybrids as almost all securities of this type were sold down dramatically. While the prices of all hybrids with known maturity date’s rebounded back to pre-GFC levels, ASIC decided to pay attention to hybrids as the majority of hybrids were...