Told you so! EU regulators warn against selling coco’s to retail investors.
Cetier is happy today, knowing that the three EU financial market regulators read his post on Convertible Capital (CoCo hurdles). They read it many times and concluded he was right. Or maybe they read the post on Matt Kimball’s site, or the post on Pieria.
Whichever post they read, they all originated from my keyboard, after which they translated it into an official warning – with a very long title. “The Joint Committee of the ESAs reminds financial institutions of their responsibilities when placing their own financial products with consumers“.
You are welcome!