Does this mean anything for BOI?
http://www.londonstockexchange.com/exch ... 16366.html
"While it is not expected to impact on the Group's reported CET1 ratios, a HoldCo structure may adversely impact the consolidated Group's reported Total Capital and Tier 1 capital ratios. This would arise due to the required de-recognition under Articles 85 and 87 of the Capital Requirements Regulation of a proportion of existing subordinated debt. The impact would depend on the timing of a HoldCo establishment, absolute capital levels and the capital structure at the time of establishment, and any mitigating actions the Group may take. Any impact arising would be eliminated as the relevant subordinated debt is redeemed."
My emphasis.
No holding.
Terry.
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