The death warrant of one of Australia’s most divisive asset classes might be signed in the coming days.
John Lonsdale, chairman of the Australian Prudential Regulation Authority, has flagged that by the end of this year he will update the market on a plan to phase out bank hybrids.
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Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
