Banks hot off the mark on TLAC prep

摘要

European banks are planning to accelerate their issuance plans for subordinated paper to take advantage of huge investor demand as they square up to new regulations. Since the beginning of February, almost €10bn-equivalent has been raised by banks in the Tier 2 market, and only last week Credit Agricole attracted more than €17bn-equivalent of demand for a €3.42bn-equivalent trade.