FYI some links to follow progress on EU banking regulation

On 7 March, the Permanent Representatives Committee (Coreper) of the European Council discussed the Presidency compromise texts of CRR 2, CRD 5, BRRD 2 and SRMR 2. If you are interested in the associated documents:…

RBNZ decides on Kiwibank cocos – uh oh

No surprise here: the RBNZ decided to render two cocos ineligible for regulatory capital purposes. This is what Kiwibank reported yesterday. The holders of the instruments likely will keep their coupon, at the expense of…