Additional tier one deals closer as CRD confirmed
The European Council has approved the compromise text on the fourth Capital Requirements Directive and the first Capital Requirements Regulation, after the European Parliament reached final agreement last week. The agreement opens up the market for Basel III-compliant additional tier one capital transactions, say bankers.
"We could see banks start issuing additional tier one deals as early as next week, now that the Council has agreed the text," said a bank capital expert.
"Things are moving forward at a good pace now. Banks can now work with their supervisors on drafting documentation that
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