Jay! A public radio station in the Netherlands gave me some air-time to discuss CoCos

A Dutch public radio station asked me to comment on Contingent Convertible capital (in Dutch). My comments were in line with previous posts on CoCos: they tend to end in tears.

Thanks Stefan Heijdendael, the main investigator and reporter, for explaining CoCos very well.

On TLAC: Also thanks for anticipating on TLAC rules from the FSB. Governments and int…