Sector Regulation Sector Regulation

EU banks should cancel bond coupon payments to conserve equity, lawmaker says

By Jack Schickler
  • 26 May 2020 11:30
  • 26 May 2020 11:30
EU banks should not be able to distribute coupons on their convertible debt during the coronavirus crisis, lawmakers have proposed in legal amendments, seen by MLex, tabled today in a bid to keep a lid on dividends after a series of significant concessions to the sector.

The prohibition, which could affect coupons on

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