‘You’re a duffer’: Keating urges corporate debt market shake-up

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APRA chairman says the former PM’s call to unlock the illiquid corporate debt market would have to fit within important banking regulations.

Oscar Colman

“We have to be internationally compliant, which we are with super equivalent,” said Mr Lonsdale. “We’ve done a big overhaul of the capital framework recently. So, we’ve just finished Basel III, we think it’s fit for purpose. We think the [loan’s] risk weighting goes up as the risk goes up, and that’s the way it should be.”must report tier-one capital held in reserve equal to a minimum of 10.5 per cent of their total loan book, when adjusted for different risk weightings allocated to every loan.

Mr Keating said co-funded loans longer than four years deserved lower risk weightings and would encourage the banks to partner with the super giants to fund the growth ambitions of Australian companies locked out of debt markets due to a lack of demand to buy their debt.

 

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