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  • Photo du rédacteurHélène Dufour

The Credit Suisse CoCo Wipeout: Facts, Misperceptions, and Lessons for Financial Regulation

The #creditsuisse #coco wipeout occurred when the #finma announced that the contingent convertible bonds that were part of the Credit Suisse Additional #tier1 (AT1) #regulatory capital had been written off.

FINMA’s decision creates a healthy precedent: restoring #financialdiscipline in AT1 #bondmarkets by reminding investors that their investment is exposed to #creditrisk and that #duediligence is advised before investing in these products.

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