Hong Kong regulator cautious about CoCos

arthur-yuen
Arthur Yuen, Hong Kong Monetary Authority's deputy chief executive

Despite the popularity of Barclays' recently issued contingent convertible bonds (CoCos) with investors, the Hong Kong Monetary Authority (HKMA) is less convinced and is concerned about their safety, according to Arthur Yuen, deputy chief executive of the HKMA, speaking at a Thomson Reuters conference in Hong Kong.

From January 1, 2013, Basel III requires bank issuance of Tier II capital to be loss-absorbable at the point of non-viability, prompting Barclays to issue a well-oversubscribed CoCo

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

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

.