bank capital

Latest news and analysis on bank capital

Fixed Income

Bank capital matters more than liquidity

The announcement on Friday that APRA is winding down the ability of banks to rely on the RBA’s Committed Liquidity Facility (CLF) to meet their Liquidity Coverage...
Jonathan Rochford
Narrow Road Capital
Equities

Four key signposts for equities

In early August, we made the decision to move tactically underweight equities. Adopting a more cautious stance is perhaps not surprising given this is...
Todd Hoare
LGT Crestone
Macro

Two cheers for APRA on TLAC

After all of the misconduct exposed at the Banking Royal Commission it is somewhat fashionable to bash the regulators for their shortcomings. That’s fair enough as...
Jonathan Rochford
Narrow Road Capital
Fixed Income

Bank capital securities – a global opportunity

Key Points - Banks have dramatically improved their capital positions in two main ways – firstly by lending more prudently, and secondly by increasing issuance of...
Brad Dunn
Daintree Capital
Fixed Income

The Reserve Bank of New Zealand’s (RBNZ) proposed new capital requirements: Does the cost outweigh the benefits?

In late 2018 the RBNZ proposed implementing some of the most conservative capital requirements globally for the NZ banking system. Ironically these proposed changes...
Clive Smith
Russell Investments
Asset Allocation

APRA Should Ignore the Big Banks on Tier 3 Capital

The article below is Narrow Road Capital's submission to the current APRA consultation process on bank capital levels. APRA has rightly recommended that the major...
Jonathan Rochford
Narrow Road Capital