We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Bondholder bailout

3 April 2009 By Hugo Dixon

Although it isn’t spelt out, that s the implication of one of their papers and confirmed by knowledgable people. Regulators are too afraid of the knockon effects of even subordinate debt defaults. The quid pro quo is that such debt will, in future, not count as capital.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)