RBNZ decides on Kiwibank cocos – uh oh

No surprise here: the RBNZ decided to render two cocos ineligible for regulatory capital purposes. This is what Kiwibank reported yesterday. The holders of the instruments likely will keep their coupon, at the expense of…

Dutch Supervision Culture and Basel IV

This week we saw some evidence that may point to a rift between the Dutch finance minister Jeroen Dijsselbloem and the Dutch central bank (DNB). It has to do with Basel IV. This is an…