Exact(5)
At least implicitly, the report is putting great weight on long-term subordinated debt at the holding company level.
How to Fix the U.S. Financial System" (Wiley, 2010), wants to require banks to issue an existing kind of bond known as long-term subordinated debt.
And he is much more likely to push for bank holding companies to finance themselves with enough equity and long-term subordinated debt to serve as a loss-absorber in the case of financial failure.
In the current version of this plan, the F.D.I.C. would take over a failing institution and force recapitalization at the holding-company level through wiping out equity holders and converting long-term subordinated debt owed by the holding company into equity, while allowing operating subsidiaries to continue in business and to pay their liabilities in full.
Shares of Russian state savings bank Sberbank jumped 15.2% to 58 cents on the dollar-denominated Russian index, following a central bank official's suggestion that long-term subordinated loans could make up to 15% of Russian banks' Tier 1 capital.
Similar(55)
Corticosteroids, which remain elevated long-term in subordinates, suppress aggression via elevation of brain 5-HT [ 68].
If banks issue short-term subordinated debt that is traded every day and has to be refinanced regularly, and can stay in business only as long as the debt is refinanced, then the market will in effect regulate the bank.
Anglo Irish's losses were probably twice as big as the sum of its equity, subordinated debt and senior long-term debt.
Thus, a combination of immediate, near-term and long-term direct benefits may be accrued by subordinates that pay by providing help.
"Translating the 2°C goal into subordinate targets, including a clear, collective long-term emissions goal, would provide greater ease and certainty," the report says.
Because of the constant power conflicts under authoritarian regimes, local cadres need support from both higher-level officials and their subordinates in order to ensure their long-term political survival.
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Justyna Jupowicz-Kozak
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