Loco for CoCos

3 December 2010 By Rob Cox

The bank may issue these funky securities as part of deferred pay, a first for a global institution. By essentially forcing bankers to invest their loot as capital, this could minimize political opprobrium but only if regulators clarify the rules before the bonus round closes.

This content is for Subscribers only

To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)