FSB: Swiss Cocos under scrutiny for global use

27 Jan 2012

The Swiss approach to the use of contingent capital instruments is likely to be a benchmark for other regimes, judging by the outcome of a peer review of Switzerland’s financial system by the Financial Stability Board, a global body that coordinates regulatory work across the world.

In its review, the FSB said that regulators were taking a careful look at how Cocos operate in Switzerland amid continuing debate over national capital finishes in the European Union.

The FSB praised Switzerland for front-running global rules on systemically important financial institutions with its own Too Big ...

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