ICMA calls on EBA to allow tier two Coco

20 Jan 2012

The International Capital Market Association went on the offensive over the European Banking Authority’s contingent capital instrument this week, calling for a tier two structure

In a letter to the EBA’s chair, Andrea Enria, ICMA said that a tier two host would better align the EBA Coco with incoming regulatory requirements and make it more investor friendly.

ICMA also sent Enria the findings of a survey of its members on the EBA Coco. The ...

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