Bankers scrambling to cushion the blow from new European rules to make bond investors shoulder more losses in a bank collapse have proposed issuing a new type of debt that could cut funding costs.
The new breed of bonds would rank between senior unsecured debt and “tier two” bonds in the pecking order of who is repaid when a bank fails under the proposed “bail-in” regulations.
Preview Mode
EU banks propose new breed of bond- FT
!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}