CoCos will realign incentives of too-big-to-fail: SNB's Danthine


Proposed regulations requiring firms to hold contingent convertible capital will help restore incentives and mitigate the implicit subsidy granted to firms that are considered too-big-to-fail, Jean-Pierre Danthine, a member of the governing board at the Swiss National Bank, said on Friday.

At the School of Finance University of St. Gallen, in Switzerland, Danthine said: "Higher capital requirements, in part in the form of contingent convertible bonds, together with appropriate organisational

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