Contingent convertible bonds (CoCos)
Contingent capital solutions mooted for CCPs
Default insurance has been explored by at least one clearing house, but capital markets solutions may be a better way to supplement existing safeguards, say some participants
UK's ICB report a further complication for banks
The ICB's final report gives banks another layer of capital requirements to deal with
Q&A: ACP's Nouy on CRD IV, equity in the LCR and CoCos
Behind Basel III
Investor pull to replace regulator push on CoCos: Credit Suisse’s Ervin
A new pull for CoCos
Going-concern triggers on CoCos unrealistic, says White
Contingent capital instruments designed to provide a capital boost before the point of non-viability are laudable but unrealistic, says former RMMG chair Mark White
Basel Committee takes tiered capital approach to Sifis
Systemically important solutions
Bank of Cyprus CoCoCo exchange offer arouses curiosity
The second-largest bank in Cyprus is in the market with an offer to convert shares into convertible contingent capital securities, but is it a curiosity piece or the genuine article?
No-go for CoCoCos
No-go for CoCoCos
Risk Europe: no-go on CoCos, says panel
Traditional investors won't be won over by debt that converts into equity, says conference panel - and one CoCo issuer raises threat of feedback effects
Credit Suisse CoCo oversubscription dispels concerns over investor demand
Deals in Focus: Credit Suisse CoCo
Credit Institute panellists pooh-pooh CoCos as viable fixed income investment
Credit Institute panellists pooh-pooh CoCos as viable fixed income investment
What Basel III means to us
What Basel III means to us
Market for CoCos could take years to develop, say Credit Institute panellists
Regulators may be sold on the idea of banks issuing loss-absorbing contingent convertible securities, but panellists at the latest Credit Institute event questioned whether there is a natural investor base for these instruments.
Investors wary of contingent capital
Contingent upon capital
Going loco for CoCos: Gary Jenkins column
Going loco for CoCos
Basel Committee sketches regulatory action plan
Basel Committee on Banking Supervision identifies eight issues it is working on as Basel III reform package heads into the political sphere
Lehman's legacy
Lehman's legacy
New projections on economic impact of Basel III at odds with IIF estimate
Analysis by the Macroeconomic Assessment Group shows a smaller impact from higher capital ratios than an earlier industry report.
New Basel proposals threaten bank sub debt, investors warn
Bond investors voice concerns over freedom given to national regulators to determine trigger events for conversions or haircuts.
‘Bail-in’ rather than bailout, says European markets group
Association for Financial Markets in Europe proposes regulator-enforced version of contingent capital to replace state-funded bailouts; proposals still troublesome, Goodhart says