Coco infusion expected as banks wait on Bank of England Pillar II numbers

UK banks could be set to reignite the contingent capital market over the coming months, as the Bank of England prepares to nail down exactly how much the country’s lenders need to raise to fill their regulatory capital buffers. The Bank is expected to determine UK lenders’ Pillar II capital shortfall when the Financial Policy Committee (FPC) meets on March 19.