On 20 March, Australians awoke to learn that Credit Suisse and UBS were to merge. The merger followed the intervention of the Swiss authorities. Its purpose was to cure the crisis of confidence that was engulfing Credit Suisse. When the merger completes, Credit Suisse will cease to exist and its business will be run by UBS.
WOMEN IN CAPITAL MARKETS Yearbook 2023
KangaNews's annual yearbook amplifying female voices in the Australian capital market.
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External support still the talking point in bank ratings review
The nature and likelihood of pre-failure external support for banks has been brought back into focus following an update to the methodology Moody’s Ratings uses to assess the Australian banking sector. Some banks do not believe the new analysis gives sufficient weight to the likelihood of external support before the point of failure – even for entities not deemed systemically important.
New Zealand looks for the silver lining despite economic headwinds
Speakers at the ANZ-KangaNews New Zealand Capital Market Forum, which took place in Auckland on 21 March, believe the local market continues to offer opportunities despite the obvious challenges of an economy in recession. The everincreasing urgency of the energy transition, a significant infrastructure shortfall and the role of the fixed income market took centre stage in discussions.
Foundations for the future
The KangaNews Debt Capital Market Summit 2024 took place in Sydney on 18 March amid an unprecedented bonanza of new issuance and at what could prove to be an inflection point for the local market. The agenda covered a raft of topics centred on the theme of taking advantage of recent growth to deliver a market that is match fit for the demands that will be placed on it, with discussions ranging from the impact of geopolitics and global economic currents to the need to stay ahead of accelerating technological advances.
