Commonwealth Bank of Australia sees opportunities ahead
On January 24, the bankÆs global markets and institutional banking leadership team gathered to discuss the challenges and opportunities resulting from the changed market environment. Here is a summary of their views.
The liquidity crisis of 2007 has prompted real reflection among finance and capital markets participants on the matrix of issues impacting corporate-intermediary relationships. Like most global markets, the Australian finance and capital markets have been lashed by the effects of the subprime crisis and the attendant withdrawal and repricing of liquidity.
On the surface, market volume numbers donÆt look too bad. Over the full year 2007 syndicated lending reached record levels of $117.2 billion, up 67% on 2006 equity capital...
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