Bank finance workhorse flogged by bail-ins and Basel

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Bank finance workhorse flogged by bail-ins and Basel

Desperate to avoid another taxpayer bail-out, European politicians and bank regulators are leading the charge for resolution regimes involving bail-ins of senior unsecured bank debt. At the same time, Basel III liquidity regulations are changing the composition of that investor base. Will Caiger-Smith asks what has happened to the senior benchmark.

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