Bank and BHC subordinated debt can be a good idea for a variety of reasons. In an industry where capital is still (and really always has been) "king
Basel III is a global package of reforms setting out international standards of capital adequacy and makes changes to the existing Basel II framework
HM Revenue and Customs have proposed draft legislation to ensure that interest payable on Tier 2 regulatory capital instruments intended to comply with the new Basel III regime and the EU’s CRD IV and Solvency II regimes will be deductible for UK tax purposes.
In December 2011, the Basel Committee on Banking Supervision (the Basel Committee) published its final rules, known as Basel III, modifying the Basel II regulatory capital accord for internationally active financial institutions.
HM Revenue and Customs have published a note setting out how they view the tax treatment of regulatory capital instruments intended to comply with the new Basel III regime and the EU’s CRD IV and Solvency II regimes.
Under the accelerated implementation timeframe previously announced by the Australian Prudential Regulatory Authority, the Basel III capital reforms applicable to authorised deposit-taking institutions will progressively come into effect from 1 January 2013.
The larger US solar rooftop companies have used various forms of master tax equity facilities to finance their projects.
On August 16, 2011 the Office of the Superintendent of Financial Institutions (Canada) ("OSFI") released its final Advisory Non-Viability Contingent Capital (the "Advisory"), marking the latest development in Canada's implementation of Basel III.
The Basel III rules which have now been finalised by the Basel Committee on Banking Supervision will have a significant impact on the amount of capital required to be held by banks and the nature of such capital.
ICB has published its interim report on reform of the UK banking structure.