Convertible Capital Hurdles

There is a vibrant debate going on regarding convertible capital or coco’s, see for example this recent paper from the U.S. treasury. On first sight a coco looks great.  In going concern there is a…

ESA’s tough final Regulatory Standards on conglomerate capital are out.

This is complicated material. But … looking at Article 9 of this standard, the bar for recognition of supplementary capital looks high. Even though it applies after the entry into force of Regulation (EU) No 575/2013 (CRR) and…