"The Whys and Hows of CoCo Issuance"
©
Central Banking Journal,
May
2011
Publication type: Web-only article
Research Archive Topic: Business Economics and Public Policy, Corporate Finance
Abstract
Though the regulatory landscape post-crisis remains far from fixed, contingent capital, or CoCos, appear likely to form part of policymakers' toolkits. There is undoubtedly widespread support from regulators the world over to have instruments that can be converted from debt to equity at times of financial market stress. Yet there is little consensus as to what the trigger for conversion should be.
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