TLAC: US banks call it but Europe lags behind
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TLAC: US banks call it but Europe lags behind

Morgan Stanley 230x150

Total loss absorbing capacity-eligible callable deals issued in euros this week by Morgan Stanley and last week by Goldman Sachs could herald the future for bank senior unsecured paper. But regulatory clarity will be needed before it is possible to see whether European banks can follow suit, writes Bill Thornhill.

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