Banks To Give Month’s Notice On Capital Raising

07 Jan 2011

The U.K.’s Financial Services Authority is proposing to require banks to give it one month’s notice before they issue any capital instruments to be included as regulatory capital.

The U.K.’s Financial Services Authority is proposing to require banks to give it one month’s notice before they issue any capital instruments to be included as regulatory capital. In a consultation paper, the FSA said the requirement is designed to discourage firms from trying to capitalize on “short-term ...

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