Clamour for German AT1 grows as Deutsche waits for clearance to launch

Only a handful of regional finance officials stand between additional tier one debt and one of its most highly coveted markets. But the final emergence of German AT1 — to be led by Deutsche Bank, which has already signalled its appetite to issue the product in significant size — may still be some way off as the authorities in Berlin emphasise co-ordination and caution, writes Graham Bippart.