Swiss Cocos under scrutiny for global use: FSB

26 Jan 2012

The Financial Stability Board has commended Switzerland for its bank regulation reforms, saying the use of contingent capital (Coco) there will influence the instruments' role at the global level.

In a peer review of Switzerland’s financial system, the FSB praised Switzerland for front-running global rules on systemically important financial institutions with its own Too Big to Fail regulations. It said the Swiss package was and would continue to be influential, and pointed specifically to Cocos.

“Switzerland’s experience ...

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