GlobalCapital, is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2023
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
FIG

PRA helps FIs race towards new world order in capital

Yorkshire_Building_Society_PA_230x150_110419

Yorkshire Building Society gave market participants a snapshot of the future this week, when it ditched some of its excess tier two capital in favour of building up a layer of non-preferred senior debt. The good news in the UK is that the Prudential Regulatory Authority looks like it is on board with this kind of transition, and is stepping aside to let financial institutions get on with it as quickly as possible.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login