In qualified support of coco bonds
Supervisors need to develop a code of best practice for cocos
One of the key outcomes of regulatory reform in the banking industry, launched in 2008, is that banks need more and more capital. To illustrate this point, the new Basel III regulatory framework requires credit institutions to hold significantly more higher-quality capital than before. In addition, global systemically important banks need to additionally strengthen their capital base so that they can bear potential losses unassisted.
The idea is to enhance banks' resilience and avoid putting
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