Australia’s Big Four banks are pushing back hard against an APRA proposal for them to raise an additional $75 billion in Tier 2 bonds to meet “too-big-to-fail” capital requirements. From The AFR:
That APRA paper, released on November 8 said the banks should raise additional Tier II funds to comply with global ‘total loss absorbing capital’ rules intended to limit future taxpayer bail-outs by “bailing in” private investors…
