asx: cba

Christopher Joye

APRA has released an important new consultation paper on the regulator's approach to ensuring the major banks have sufficient "Total Loss Absorbing Capacity" (or TLAC). I have written at length about this in the AFR here (or AFR subs can click here). Show More

Christopher Joye

Today I write that it's not often you come across a major bank hybrid that is genuinely cheap, which CBA’s new Perls XI preferred equity security (ASX: CBAPH) undeniably is given an expected maturity (or “call” date) of 5.36 years (click on that link to read the full column or... Show More

Alex Shevelev

Newspaper headlines like “House prices continue to tumble nationally” are now everywhere. While we have been worried about the potential for a housing correction for a long time, what was theoretical has become actual. Prices are down and it’s no longer the fringe doom-sayers that are predicting further falls. It... Show More

Christopher Joye

In the AFR today I reveal that the regulator's latest stress-tests of Australia's 13 largest banks show a vast improvement over the results of the 2014 stress-test when some banks' common equity tier one (CET1) capital ratios fell below 5%, triggering the conversion of their hybrid securities into equity. In... Show More

Christopher Joye

In my AFR column I argue that Ian Narev is the best commercial and retail banker of his generation and that Standard & Poor's is behaving like an economist desperately clinging to a controversial forecast that has proven horribly wrong (click on that link to read for free or AFR... Show More

Chris Stott

The S&P/ASX All Ordinaries Accumulation Index closed down 0.2% for the week. Minutes from the Reserve Bank of Australia’s (RBA) meeting released on Tuesday suggested that reduced demand for steel production in China would indicate downside risks to the current iron ore price. We note that the Australian market is... Show More