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Nicholas Chaplin, Director & Portfolio Manager of Seed Funds Management, critiques APRA's proposal to phase out Additional Tier 1 (AT1) bonds, suggesting it could undermine the stability of Australian banks and leave retail investors exposed.
Topics discussed include:
- APRA's proposal
- Current issues with AT1 instruments
- The Australian context
- Transition timeline
- Impact on banks, large and small
- Impact on banking stability
- Impact on retail investors
- Alternative solutions
- Market reaction
