Bondholders in Sifis could face increased chance of haircuts: Moody’s
New IMF proposals for providing financial support for systematically important financial institutions (Sifis) put the holders of senior bonds at a disadvantage and could affect pricing, says Moody’s.
Bondholders in Asia largest banks will be forced to accept losses on their holdings including conversion into equity if the institution requires financial support.
Under IMF proposals for Sifis – banks deemed so important to the financial system that their failure could cause a global crisis - governments need
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: firstname.lastname@example.org or find out more online here.