UK banks respond on Cocos, bail-ins and capital
The UK’s biggest banks have opposed suggestions by the Independent Commission on Banking that they be required to hold more capital than Basel III requires. Responses to the commission’s April paper have shown more nuanced attitudes towards Cocos and bail-ins, however, with Barclays in favour of Cocos, and HSBC and Royal Bank of Scotland more cautious.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts