Pressure off for Lloyds and RBS as PRA reveals capital requirements
Speculation over massive capital holes at Lloyds and Royal Bank of Scotland was thrown aside on Wednesday as both banks said they saw no immediate need to issue fresh shares or print contingent capital securities to meet new regulatory capital requirements set by the Prudential Regulatory Authority. Other UK banks could still issue Cocos, however, said bankers.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: