Australian banks lobby regulator on big subordinated debt order
Share:
SYDNEY/HONG KONG (Reuters) - An Australian regulatory push to boost banks' capital buffers, which is expected to unleash about A$83 billion (47 billion pounds) of new junior debt to market, risks causing a spike in borrowing costs and has prompted industry calls for softer requirements.The proposals, put forward by the Australian Prudential Regulation Authority (APRA) call on the country's Big Four banks to raise the capital over the next four years as part of efforts to insulate taxpayers from..