Aussie inquiry yields calls for covered bond approval

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Aussie inquiry yields calls for covered bond approval

December 02, 2010 (Last updated: December 03, 2010)

Australian financial institutions and organisations have called on the country’s government to allow issuance of covered bonds, with one bank pressing for urgent action. The comments were made in submissions to a Senate inquiry on banking competition that closed on Monday.

The inquiry was launched by the Senate Economics Committee on October 28, with a public hearing scheduled to be held on Monday, December 13 in Sydney. The reporting date is March 31 2011.

Australian banks are prevented from issuing covered...

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SOUTHEAST ASIA DCM

Rank

Bookrunner Parents

Deal Value $ (Proceeds) (m)

No.

%share

2012 YTD Rank

Standard Chartered Bank

3,991

8.9

HSBC

3,710

8.3

Goldman Sachs

3,333

7.4

Deutsche Bank

2,895

6.4

Citi

2,774

6.2

JPMorgan

2,288

5.1

DBS

2,106

4.7

Siam Commercial Bank

1,835

4.1

Barclays

1,586

3.5

CIMB Group

1,523

3.4

Subtotal

26,040

123

57.9

Total

44,958

212

100.0

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