UPDATE 2: The EBA’s laudable effort to tame Additional Tier 1 issuances

This week, the EBA held a public hearing on the 4 May report on AT1 issuances, see my previous posts on this. Click here for the PowerPoint that the EBA prepared. Apparently no surprises. On…

NZ Reserve Bank takes solid action to curb Auckland proporty prices.

With the publication of its May financial stability report, today the Reserve Bank of New Zealand decided to take some solid measures to curb house price inflation in Auckland. An important policy change, proposed to…