von Furstenberg, George M - In: Journal of Financial Transformation 36 (2013), pp. 93-104
CoCos are contingently convertible debt securities. They are an infant reform instrument that grew out of the 2007 … the regulatory capital ratio with risk-weighted assets (RWA), CET1/RWA, has been breached. For the going-concern Co-Cos … here considered, that trigger level now has to be at least 7%. <p> CoCos offer stabilization benefits from improved crisis …