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Collateral composition, diversification risk, and systemically important merchant banks

Derviz, Alexis - In: Journal of financial stability 14 (2014), pp. 23-34

Persistent link: https://www.econbiz.de/10011301297

Laeven, Luc; Draghi, Mario; Dombret, Andreas R.; … - SUERF - The European Money and Finance Forum; Deutsche …; … - 2016

On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame … Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial … College) gave the SUERF 2015 Annual Lecture on Capital and Banks. The conference focused on core aspects of banking reform …

Persistent link: https://www.econbiz.de/10011557140

The agency of CoCos : Why contingent convertible bonds are not for everyone

Goncharenko, Roman; Ongena, Steven; Rauf, Asad - In: Journal of financial intermediation 48 (2021), pp. 1-22

Persistent link: https://www.econbiz.de/10012801652

The agency of CoCos : why contingent convertible bonds aren't for everyone

Goncharenko, Roman; Ongena, Steven; Rauf, Asad - 2018

Persistent link: https://www.econbiz.de/10012099284

The agency of CoCos : why contingent convertible bonds aren't for everyone

Goncharenko, Roman; Ongena, Steven; Rauf, Asad - 2019

Most regulators grant contingent convertible bonds (CoCos) the status of equity. Theory, however, suggests that CoCos can induce debt overhang, thereby, increasing the cost of issuing equity. First, we theoretically investigate how the extent of this debt overhang varies with bank...

Persistent link: https://www.econbiz.de/10012100896

The agency of CoCo : why do banks issue contingent convertible bonds?

Goncharenko, Roman; Ongena, Steven; Rauf, Asad - 2017

Why do banks issue contingent convertible debt? To answer this question we study comprehensive data covering all issues by publicly traded banks in Europe of contingent convertible bonds (CoCos) that count as additional tier 1 capital (AT1). We find that banks with lower asset volatility are...

Persistent link: https://www.econbiz.de/10011755934

Contingent convertible bonds : who invests in European CoCos?

Boermans, Martijn A.; Wijnbergen, Sweder van - In: Applied economics letters 25 (2018) 4, pp. 234-238

Persistent link: https://www.econbiz.de/10011854254

Two heads are better than one : the case for incorporating market-based information into bank supervision and regulation

Calomiris, Charles W. - In: Journal of applied corporate finance : JACF 36 (2024) 1, pp. 36-39

Persistent link: https://www.econbiz.de/10014535724