Amendments to the Takeover Code follow recent UK and Hong Kong changes. They also clarify processes established during the contested takeover of Fraser and Neave
The introduction of total loss-absorbing capacity (TLAC) requirements for banks has caused some jurisdictions to consider so-called tier 3 instruments. But investors and issuers would prefer more tier 2s, according to speakers at Fitch's Global Banking Conference in Hong Kong on June 17.
