Gründl, Helmut; Niedrig, Tobias - 2015
The Liikanen Group proposes contingent convertible (CoCo) bonds as instruments to enhance financial stability in the … purchasers of bank bonds in Europe. The growing number of banks issuing CoCo bonds leads to a rising awareness of these hybrid … the effects of holding CoCo bonds as implied by the Solvency II standards that will become effective by 2016. …