Product manufacturers will have to develop advanced technology and produce highly complex documents as well as managing crossovers with other regulations
This will be made easier The Financial Conduct Authority's new rules, which came into effect on September 7, create a better legal framework for whistleblowing in the UK.
A Commission non-paper seen by IFLR, which sets out a framework whereby contingent convertibles (CoCos) would be given greater protection, has been heralded as a welcome clarification for investors. Under the plan, CoCos are given priority if a bank's maximum distributable amount (MDA), including dividends and bonuses, is under pressure.
