Hybrids leave bitter aftertaste
The Basel Committee on Banking Supervision is, after months of talk, finally getting tough on hybrid capital. Panglossian banks that ignored repeated warnings about the future eligibility of the product may regret their enthusiasm.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts