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Regulation, rating shifts cast shadow over unsecured debt
Published Sun, Jun 28, 2015 · 09:50 PM
London
INVESTORS looking to buy senior bank debt are facing an ever-growing minefield of shifting regulatory goalposts and changing rating methodologies, turning this funding cornerstone into a much less palatable investment.
Seven years after the financial crisis, investors are still grappling with the impact of new rules on recovery prospects as regulators move to stop taxpayers from ever having to bail out banks again.
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