In the current unsettled times, with the financial and banking sector braced for more active and aggressive regulators and possible sweeping changes to operating models, the issues associated with reliable investor information and recommendations appear more relevant than ever. It is not that transparency from issuers is being brought into question, though it seemingly is. It is the murkiness with [...]
January proved to be a solid start for markets in 2019 as a softening in the Fed’s rhetoric and strong(ish) Australian CPI data encouraged sentiment. Fed Chairman Jerome Powell announced the Fed would be “patient” on any future rate changes and signalled flexibility in its balance sheet normalisation policy, which tempered volatility for the time being. Brexit and US-China trade [...]
In April this year, the Banking Royal Commission prompted the first large company scalp with the resignation of AMP’s (ASX: AMP) CEO Craig Meller. Mr Meller’s resignation followed revelations of serious misconduct by the institution for almost a decade and capped off a week in which its failures were brutally and publicly exposed. A few months later in the USA [...]
An eventful month for financial markets saw initial de-risking globally with late dovish sentiment clawing markets back to an even position. Emphasised commentary centred on rates, oil, politics, leverage and earnings. APRA took centre stage with its announcement of TLAC reforms which we discussed in detail in our November 2018 Monthly Market Review. We view the reforms as credit positive [...]
The collapse of engineering group RCR Tomlinson (ASX: RCR) into administration on 23 November capped a remarkable fall for one of the oldest engineering contractors in the country. However, whilst the appointment of administrators, that are set to carve up and sell off parts of the ailing business, surprised many in the market, company collapses in the construction industry are [...]
In what was an eventful month for commentary surrounding the state of the Australian economy, the Reserve Bank of Australia (RBA) released its bi-annual Financial Stability Review. In its review, the RBA noted a supportive global economic environment for growth, however, the central bank cited elevated levels of household debt and ongoing trade tensions as key risks to both the [...]
Credit rating agencies such as Moody’s and Standard & Poor’s (S&P) have been in focus throughout 2018 as investors have watched the Australian financial landscape increasingly enter new territory. This has largely been a function of the Royal Commission into Banking and Financial Services, as well as the more unstable political environment seen throughout the year. However, despite the negative [...]
Earlier last week and before the more systemic selloff in risk assets, Italy’s 10-year government bond yields rose to a quite staggering 3.63% - the highest mark since 2014. Meanwhile, yields on the 10-year German Bund declined to an equally staggering 0.53% as the ‘lo spread’ between the two countries, which has long observed as a proxy for country risk, [...]
An employee-owned financial services provider focused on the Debt Capital Markets.
An employee-owned financial services provider focused on the Debt Capital Markets.
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ABN 31 164 148 467 ‧ Important Information
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
