EU confirms need for more tier two in bail-in buffers

The European Union last night struck a deal with member states to bring senior bail-in forward to 2016. The deal matched what many in the market were expecting, but bankers anticipate an increase in tier two capital issuance next year from banks in order to protect their senior bondholders.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: