US CP regulation triggers Aussie MTN flurry

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US CP regulation triggers Aussie MTN flurry

Aussie RMBS 230x
The Sydney Opera House sails and the Sydney Harbour Bridge pylons are turned red as part of the "RED" campaign against AIDS in Sydney, Australia, Tuesday, Nov. 30, 2010. The Sydney Opera House sails and the Sydney Harbour Bridge pylons where the first of more than 80 iconic landmarks across 13 countries used to help promote awareness of the ongoing fight against the AIDS epidemic by turning red to mark World AIDS Day slated for December 1. (AP Photo/Jeremy Piper) | Jeremy Piper/AP/Press Association Images

Upcoming commercial paper regulation has triggered a flurry of MTNs from Australian banks, moving away from an asset class in which they have historically been very active.

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