With banks having to abide by new capital requirements, future bailouts will still see the UK taxpayer pay out for corporate mistakes according to Kames Capital's Gregory Turnbull-Schwartz.
The FT recently quoted figures of up to €1.1trn required to meet a new rule requiring banks to raise their levels of Total Loss Absorbing Capital (TLAC). The stated goal is to end taxpayer bailout of banks...
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Designed to park short-term cash