BoE sees no place for structured notes in TLAC for now

UK regulator unsympathetic to calls for derivatives-linked debt to count in big banks' capital buffer, say dealers

bank-of-england
The Bank of England in the City of London

The Bank of England (BoE) is against the idea of including structured notes in total loss-absorbing capacity (TLAC) for the world's largest banks, according to dealers, potentially putting it at odds with other global standard-setters at the Financial Stability Board (FSB).

Andrew Gracie, executive director for resolution at the central bank, said in a speech to the British Bankers' Association on July 23 that the BoE is "reflecting" on calls from respondents to the FSB's November 2014

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here