Kangaroo and covered bond liquid asset prospects uncertain following APRA decision [UPDATED]
- Monday, 28 February 2011
Market response to the Australian Prudential Regulation Authority (APRA)'s determination that no asset classes will qualify as level two assets for liquidity coverage ratio (LCR) purposes in Australia has been mixed, with a small immediate pricing impact and divided opinions on the prospects for covered and Kangaroo bonds' eventual inclusion.
