Loading...
Market
What will be the impact of APRA's decision on second-tier banks' market value by end of 2024?
2
Resolution / Starting Odds
Increase by over 10% • 25%
Decrease by over 10% • 25%
No significant change • 25%
Other • 25%
Market reports and financial analysis from Australian financial news outlets
Story
Australia's APRA to Eliminate $43 Billion Contingent Convertible Securities Market After Credit Suisse Collapse
Dec 9, 2024, 06:15 AM
Australia's banking regulator, the Australian Prudential Regulation Authority (APRA), is set to eliminate the market for contingent convertible securities, marking a significant shift in the country's financial landscape. This decision follows the collapse of Credit Suisse last year, which raised concerns about the stability of hybrid securities. The move impacts a $43 billion market, provoking backlash from investors who feel abandoned by APRA. Critics argue that the regulator's actions do not adequately protect retail investors, particularly those invested in second-tier banks, raising questions about the future of these financial instruments in Australia.
View original story
Similar markets
Yes • 50%
No • 50%
Elimination of FDIC • 25%
Significant reduction in FDIC powers • 25%
No major changes • 25%
Other outcomes • 25%
Significant positive impact • 25%
Moderate positive impact • 25%
No significant impact • 25%
Negative impact • 25%
Increase for traditional banks • 25%
Increase for fintech companies • 25%
No significant change • 25%
Decrease for both • 25%
Improved by over 1% • 25%
Stable (+/- 1%) • 25%
Declined by up to 1% • 25%
Declined by over 1% • 25%
Credit Suisse • 25%
Nomura • 25%
Morgan Stanley • 25%
Other • 25%
Top 3 • 25%
4th to 6th • 25%
7th to 10th • 25%
Below 10th • 25%
Below 1,500 • 25%
1,500 - 1,700 • 25%
1,701 - 1,900 • 25%
Above 1,900 • 25%
Best performer • 25%
Second best performer • 25%
Third best performer • 25%
Worst performer • 25%
