With relatively low holdings of toxic structured credit assets, Australian banks emerged from the crisis in a stronger position than their peers in other developed markets. But this is not reflected in credit spreads, presenting investors with possible relative value opportunities.
In the red corner, a bond from an Australian bank: in the blue corner, a bond from an American or European bank. Which would you expect to be in better shape? On the face of it, everything points towards the Australia
The week on Risk.net, July 7-13, 2018Receive this by email