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IFR Asia Bank Capital Roundtable 2013

Bank capital securities are among the most complex in the public debt markets – and the most controversial. Since the 2008 credit crisis exposed the flaws in the products that were designed to help keep the world’s banks solvent, regulators have enforced a number of changes to mixed responses across the globe.

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IFR Asia Bank Capital Roundtable 2013: Participants

To see the digital version of this report, please click here. To purchase printed copies or a PDF of this report, please email gloria.balbastro@thomsonreuters.com. Sumit Bhandari BlackRock Sumit Bhandari is head of Asian credit research at BlackRock. Bhandari joined the asset manager after nine years at Lehman Brothers, where he was responsible for overseeing the legacy illiquid loan portfolio. Prior to that, he worked in proprietary investment at Lehman focusing on special credit situations and risk arbitrage. David Lai Eastspring...

IFR Asia Bank Capital Roundtable 2013: Part 1

To see the digital version of this report, please click here. To purchase printed copies or a PDF of this report, please email gloria.balbastro@thomsonreuters.com. IFR: Perhaps the first thing to do is get an update on where we stand today in Asia, relative to the rest of the world, and where things may be heading next. I’ll ask Sean to tackle that one first. Sean McNelis, HSBC: The Asia Pacific region is quite advanced in terms of implementation of Basel III instrument criteria. Across the region, if you look at the larger markets such as...

IFR Asia Bank Capital Roundtable 2013: Part 2

To see the digital version of this report, please click here. To purchase printed copies or a PDF of this report, please email gloria.balbastro@thomsonreuters.com. Dominique Jooris, Goldman Sachs:You’re absolutely right on that point. The Lehman case was in an environment where all banks were leveraging their equity 30 or 40 times. The numbers were staggering, and the smallest disturbance indiscriminately wiped out every tier of the capital structure. Nevertheless, the theoretical argument is that these cataclysmic events are unlikely to be...

IFR Asia Bank Capital Roundtable 2013: Part 3

To see the digital version of this report, please click here. To purchase printed copies or a PDF of this report, please email gloria.balbastro@thomsonreuters.com. IFR: Is that because people are trying to cap private bank allocations now, or just because of demand? Ben Sy, JP Morgan Private Bank: No, the order sizes are much smaller now. In the first deals, such as Rabobank’s T1 in early 2011 at 8.375%, there were large orders from Asia. But in the last 12 months, because of regulatory changes and because of the increasing complexity of...