The first Basel III-compliant Tier 1 hybrid
bond to be issued by an Australian bank acts as a regulatory test case on Basel
III implementation in the country.
The Commonwealth Bank of Australia’s (CBA)
Perpetual Exchangeable Resalable Listed Securities VI (PERLS VI) will make
clear how Australian Prudential Regulatory Authority (Apra) rules
on Basel III implementation apply.
Basel III’s minimum
capital ratios and regulatory adjustments come into...