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20 August 2020 4:00 pm - 5:30 pm
Free webinar for BCCM Members
Led by Daniel Yu, Vice President – Senior Analyst, Financial Institutions at Moody’s
Access to capital is becoming increasingly important for Australian mutual banks, with the sector’s historically strong capitalisation under pressure from rising credit losses and risk-weighted densities. Meanwhile, technological developments are driving a structural shift in customer demand for digital services and products, with new entrants competing for market share. Intensifying competition will lead the mutuals to increase their spending on technology, and in turn pressure net interest margins and weaken their ability to generate sufficient capital organically.
Join Daniel as he explains Moody’s approach to rating mutuals as well as credit consideration for mutual capital instruments (MCIs), and how the sector’s strengths and weakness are reflecting in ratings.
BCCM members are entitled to access this program free of charge.