At1s and Regulation: Australia Vs. the World?: BI Replay

Australia’s plan to phase out Additional Tier 1 (AT1) instruments, often the highest-yielding securities issued by lenders, has understandably raised questions about regulator-driven modifications to, and variations in, bank capital all around the world. While these deeply subordinated instruments have evolved almost constantly in the many years since the first notes were placed, events at Credit Suisse in 2023 undoubtedly brought the role of regulators, supervisors and governments to the fore. Join our team of AT1 coverage analysts to discuss what permutations they have seen and/or expect in their jurisdictions. We will discuss Australia, as well as Asia, Europe and the US. As always, there will be opportunities for Q&A.