Worries rise over contractual loss absorbency for tier two as CRD IV nears finish line

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Worries rise over contractual loss absorbency for tier two as CRD IV nears finish line

Expectations for the shape and cost of tier two issuance in the near term were turned on their head this week, as policymakers came close to finalising the new rules on bank capital that will translate Basel III into European law, writes Katie Llanos-Small.

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