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LADY JUSTICE GLOSTER LORD JUSTICE BRIGGS and LORD JUSTICE SALES ____________________
Robert Miles QC and Gregory Denton-Cox (instructed by Norton Rose Fulbright LLP) for the Appellants Robin Dicker QC and Stephen Robins (instructed by Allen & Overy LLP) for the Respondent Hearing dates : Wednesday 26 August 2015 Thursday 27 August 2015 ____________________
i) On 1 May 2009, the FSA wrote a letter to the British Bankers' Association confirming the definition of CT1 capital ("the May 2009 Letter") which banks should use for specific reporting and disclosure purposes. This set out which assets were to be included in, and which assets were to be excluded from, CT1 capital.
ii) In its Handbook of the same date, the FSA described Tier 1 capital as follows:
iii) On 7 September 2009, the Bank for International Settlements ("BIS") issued a press release stating that the oversight body of the Basel Committee on Banking Supervision ("BCBS") had met on 6 September 2009 to review a comprehensive set of measures to strengthen the regulation, supervision and risk management of the banking sector. The press release said the Committee would:
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