The AT1 hybrids market has long played a crucial role in Australia’s banking system, providing a secondary source of equity capital in times of financial stress. However, with regulatory changes set to phase them out over the next seven years, investors and institutions alike must navigate a shifting landscape.

Roy Keenan, Co-Head of Australian Fixed Income and Portfolio of the Yarra Enhanced Income Fund, sits down with Livewire’s Chris Conway to share his insights on the AT1 market’s evolution, the implications of APRA’s decision, and discuss where investors should be looking next.