Moody's: Revised Swiss TLAC Regulation Will Drive UBS and Credit Suisse to Issue Loss-Absorbing Debt, Increasing Protection for Senior Creditors
London, 20 December 2016-- Switzerland's revised bank capital requirements means that the country's two largest banks, Credit Suisse and UBS, will issue more loss-absorbing debt, thereby increasing protection for senior creditors, says Moody's Investors Service in a report published today. The Swiss Federal Council's new rules, known as the Swiss Too Big To Fail provisions, require an increase in eligible total loss-absorbing capacity instruments. The rules have been...
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