Leading British banks have started reshaping their funding strategies amid regulatory pressure for a solution to the problem of lenders being “too big to fail”.
Barclays and Royal Bank of Scotland have in recent weeks issued debt at the level of their group holding companies as central banks push for structures that are easier to handle in the case of a major failure.
Lloyds Banking Group is likely to start issuing some – but not all – of its debt at a holding company level in the future.
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