Australia gives green light to covered bonds in Basel III liquidity drive

Australia

Australia's big four banks are set to issue substantial amounts of covered bonds over the coming months, say industry experts. The banks plan to use the securities to improve their liquidity risk positions ahead of the introduction of Basel III's liquidity provisions in that country.

The Australian government amended the Banking Act 1959 in October to allow authorised deposit-taking institutions (ADIs) to issue covered bonds. ANZ has become the first Australian bank to tap the covered bond marke

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: