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

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

To continue reading...

You need to sign in to use this feature. If you don’t have a 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: