You are an expert in the Australian Prudential Standards and have been invited to give a presentation to the financial sector on how the APS111 Capital Adequacy works. In explaining the standards, you are to use one of the Australian major four banks as an example to demonstrate how its various capital satisfy the APS111 , the financial instruments satisfying Tier 1 capital and why, etc. In conclusion, you are also asked to give your evaluation on whether the current APS111 is adequate and your suggestion on areas which could be improved.