APRA reminds hybrid investors of risks

01 September 2016

 

In a wide ranging speech to the Actuaries Institute “Banking on Capital” conference in Sydney this week APRA chairman Wayne Byers took the opportunity to remind investors in bank hybrids that the securities are there to do a job in a banking crisis and “they are designed to provide some ‘breathing space’ to allow for orderly resolution.” In particular Byers was keen to reiterate that, under the new Basel III...

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