The bank had a tier 1 capital ratio of 11.3% at the end of the second quarter, while its core tier 1 ratio, which excludes hybrid capital instruments, stood at 7.5%.

FORBES

This is a graduate student competition to create new financial instruments for institutional investors to place capital in impact investing.

FORBES: Forget The Big Bucks...Today's Investor Also Wants A Different Kind Of Return On His Money

One way of doing that is to provide an exemption from capital-gains taxation on all debt or equity instruments used in the next six months to invest in the troubled auto makers.

WSJ: Let's Cut Cap-Gains Taxes on Auto Investments

The result would be a controlled liberalisation of capital outflows, along with the creation of new financial institutions and instruments at home.

ECONOMIST: Charting a different course | The

When an extra capital cushion was needed to protect depositors and other creditors, these hybrid instruments could not provide it without the bank first defaulting.

ECONOMIST: Lloyds is first out of the gate with a new kind of capital

The capital requirements will be based on those used during the eurozone-wide stress tests earlier this year, but 'new instruments' implemented since the stress tests may be considered as capital if regulators so choose.

FORBES: First Thoughts on the Eurozone Summit