ECB and EBA action may have limited CoCo contagion – BoI paper

europe66

Stress on Deutsche Bank’s contingent convertible, or CoCo, bonds spread throughout Europe’s banking sector in 2016, a working paper published by the Bank of Italy says.

In Contagion in the CoCos market? A case study of two stress events, Pierluigi Bologna, Arianna Miglietta and Anatoli Segura look at two periods of instability involving Deutsche Bank’s CoCos in January and September 2016.

After Deutsche Bank announced potentially bad news, yields on its CoCos and senior bonds hit unprecedented

To continue reading...

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 indvidual account here: