FT: European regulators move to undercut TLAC rules

Financial Times, October 12, 2015

Several European countries are taking action to water down new global capital rules for their biggest financial institutions, causing concern among investors and EU officials.

France is set to become the latest country to introduce legislation that would save its leading banks from having to issue tens of billions of euros of bonds to meet the rules agreed by global regulators a fortnight ago, people familiar with the situation said.

Italy and Germany have begun similar processes.

The full article is available here.

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