By guest contributor, Damien Wood, principal, Spectrum Asset Management
It is not often you will get this writer singing the praises of our bank regulator. But the recent discussion paper1 released by APRA on how to increase capital to meet global standards for our major Australian banks, in our view, is not only spot on but could not come at a better time. Dialing up capital as the banks remain highly profitable is akin to taking out flood...