Avoid innovation for innovation’s sake, says PRA
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Avoid innovation for innovation’s sake, says PRA

Bank of England

The UK’s Prudential Regulation Authority has called on the country’s banks to stick to the spirit of the European Capital Requirements Directive package by using easily understandable regulatory capital structures. But at the same time, it recommended that banks comply with its own vision for additional tier one securities, which goes over and above the European regulations.

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