Basel opts for bail-ins by the backdoor, strikes down LT2
The subordinated debt market was left reeling on Thursday after the Basel Committee on Banking Supervision (BCBS) blindsided it with proposals that some bankers said will undermine issuance of lower tier two debt.
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