Presentation

CoCos and their cousins

CoCos and their cousins – regulatory capital securities in a changing environment

One of the results of the financial crisis was a deep and profound reform of bank capital securities in the Basel III framework. With the aim to create a global level playing field and securities that provide loss absorption capacity in troubled times, a new chapter in the evolution of hybrid capital has been opened.In his lecture, Gerald will provide an overview of global structural trends, market drivers and the respective regulatory framework. Key areas will be Additional Tier 1, Tier 2 Cocos, "plain" Tier 2 as well as the EU bail-in regime.