Deutsche sees changes to German TLAC law, no AT1 in 2017
Deutsche Bank told investors this week that Germany’s new insolvency regime may have to be updated for the European Commission’s harmonisation proposals. The bank also said it was not planning on raising additional tier one capital this year.
Last November the European Commission said it would require member states to create an asset class of non-preferred senior debt that should be bailed-in before other senior liabilities. Market participants have since been confused about what the proposals might mean for German banks.
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