UPDATE 2: The EBA’s laudable effort to tame Additional Tier 1 issuances

This week, the EBA held a public hearing on the 4 May report on AT1 issuances, see my previous posts on this. Click here for the PowerPoint that the EBA prepared. Apparently no surprises. On…

State aid: EC approves resolution aid for Portuguese Banco Espírito Santo

For the record, from the EC press release: “The European Commission has found the resolution plan of the Portuguese Banco Espírito Santo S.A. (BES),including the creation of a Bridge Bank, to be in line with…