banks

Rating agency Moody’s Investors Service expects that use of contingent capital securities, including contingent convertibles (CoCo’s) by insurance and reinsurance companies will increase as they are set to be considered as regulatory-efficient capital.

The German finance ministry has given the countries banks a green light to pursue the issuance of contingent convertible bonds, or CoCo’s, and other contingent capital deals as it clarified the instruments tax treatment.

Contingent capital has been back on our radar recently thanks to the market rumours suggesting that reinsurer Swiss Re has been arranging a marketing roadshow for a contingent convertible bond issuance recently. The first time we wrote about contingent capital on Artemis it was not with reference to reinsurers however, it was discussing whether contingent […]

One of the big things to come out of the recent financial market turmoil is a desire to have better back stops for the banking system and to find a way to prevent the need for breaking up banks that fail. Many ideas have been mooted, including catastrophe bonds (as we’ve written about previously), with […]