Reported about 1 month ago
Australia's prudential regulator, the APRA, has proposed replacing hybrid capital bonds with more reliable and cost-effective alternatives due to concerns over the risks posed by high retail investor ownership. The change aims to enhance the stability of the financial system and simplify the use of additional tier-1 capital during crises. The transition is set to begin on January 1, 2027, with a full replacement by 2032.
Source: YAHOO