Laminar Group executive director Cameron Rae says major banks may not meet the market in light of capital relief developments.
“The market level is much higher than the level at which many issuers are willing to fund, which is making execution very difficult. With authorised deposit-taking institution (ADI) issuers now unable to hold their own B notes without a significant capital hit, new investors need to be found or we could see another freeze in the market,” Mr Rae told Kanga News.