The whys and hows of CoCo issuance

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.

Before looking at the question of designing the right trigger, it's worth noting why there is so

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.