EBA offers the - wicked - prospect of standard terms and conditions for CoCos.

May 30, 2015

∙ Paid

Today the EBA published the final version of its updated report on the monitoring of Additional Tier 1 capital instruments. Regarding the most controversial issue, the use of contingent clauses, the report recommends disallowing them in the terms and conditions of EU issuances. The output of EBA's own funds subgroup invariantly meets the highest quality…