As Basel III regulations come into play, banks looking for a quick fix to bulky balance sheets are divesting their trade finance assets, creating a gap in the market that investor groups and other alternative financiers are keen to fill.
Latest articles from Australia
Market reforms are flooding the financial sector and banks are facing the challenge of managing their liquidity more efficiently. But the industry remains divided on best practice approaches to intraday liquidity management.
While the Asia-Pacific region's growth story over the past few decades has been powered by Japan and then China, at least as far as banking is concerned, when these two countries are removed from The Banker's Asia-Pacific rankings, it is Australia's banks that come to the fore.
SABMiller's need to finance its $12.3bn takeover of Foster's saw it issue a $7bn multi-tranche Yankee. The result defied even the most optimistic of expectations, with high demand seeing the brewer come close to refinancing its bridging loan of $8bn in one fell swoop.
The much-anticipated competition in Australia's cash equities markets is finally taking hold, but hopeful new entrants may yet be stymied by the challenges presented by the clearing and settlement infrastructure. Writer Elton Cane
Having sidestepped the worst of the global financial crisis, the dominance of Australia's big four banks in the domestic market means that further major expansion is likely to happen elsewhere, particularly in Asia. Writer Elton Cane
Dislocation and falling equity markets are breathing life into the Australian corporate bond market, while a falling cash rate and government-led initiatives are also resuscitating the once lifeless government bond market. Writer Kate Hage.
A new law in Australia to make it easier to change banks will disadvantage the main players and encourage switching for switching’s sake, writes Michael Imeson.
It is a given that larger banks have scale in their favour but Australia’s smaller banks are playing on customer service in a bid to win business, writes Virginia Marsh.
After pursuing a strategy of investing in less-developed Asian markets, ANZ is set to enjoy the fruits of its labours as these markets grow. Virginia Marsh reports.
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