Banks could cut bail-in risk, says BoI capital head
Banks may try to issue more subordinated debt to protect senior bondholders from the risk of bail-in, attendees at Risk's ALM Europe conference were told on September 25. But the market in these instruments may not be large enough to support these efforts, said Brian Kealy, head of capital management at Bank of Ireland.
"The question is whether banks raise more subordinated debt in order to effectively cover their bail-in requirement so as not to expose their senior debt pricing to the risk of
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