Hybrids in the news

Rabobank to issue Basel III-compliant bond

Rabobank is coming with a CRDIV compliant issue that as write down in the face value as soon as the equity capital ratio of the bank drops below a pre-defined ratio. This write-down feature is important for new types of bank debt as European regulators move increasingly towards incorporating ‘bail-in’ features into bank debt, meaning bondholders will have to share the losses of a failed bank.

BIS blasts EU on 0% sovereign risk

A senior Bank for International Settlements official has blasted the treatment of sovereign debt risk in the EU's Capital Requirements Directive, saying Basel standards have not been applied correctly and that it must be revised.

EBA blesses CoCos but issuance rush unlikely

The European Banking Authority has given its blessing to contingent capital instruments as a way of boosting banks' core Tier 1 ratios but bankers said a rush of deals was unlikely as other capital-raising options would be considered, including liability management, as a means of improving capital ratios.

Allied Irish Banks - AIB - Listing of Contingent Capital Notes

Allied Irish Banks, p.l.c. ("AIB") announces that, following the issue of €1.6 billion of contingent capital notes (the "Contingent Capital Notes") at par to the Minister for Finance (the "Minister") on 27 July 2011, the Irish Stock Exchange (the "ISE") has today approved the admission of the Contingent Capital Notes to the Official List of the ISE and to trading on the Global Exchange Market of the ISE, an exchange-regulated market (the "Listing").  

EBA: €106bn of bank capital needed — we think

BOE’s Haldane Says Regulators Need New Ways to Control Bank Risk

Key comments by Canada's Mark Carney

Bank of Canada Governor Mark Carney is preparing to take on the world's most powerful banks as the next chair of the Financial Stability Board (FSB), the key driving force behind the reform of global financial regulations. Here are some of Carney's comments on banks and reform, and a comments about him.

MEPs plan revolt on 0% sovereign risk

The European Parliament is preparing to rebel against banking reforms by ending a zero per cent risk weighting against sovereign debt. 

The eurozone crisis: What should policymakers do next?

Banks eye ‘pre-caps’ to shore up buffers

RPT-Could bank recapitalisation kill the patient?

A solution for Europe? I should Coco

EU banks may raise £200bn

G20 finance ministers gather as time runs out

Revised EU Stress Test Would See 66 Banks Fail

Bankers predict revival of ‘coco’ bonds

Contingent capital: Europeans want to sell CoCos to Asia

Draghi Says Impact of SIFI Surcharge on Gdp Would Be Limited

Constâncio backs UK on flexible CRD IV

National authorities should be able to impose higher equity thresholds than stipulated in the EU's proposed Capital Requirement Directive IV, according to a senior European Central Bank member.


Macro-prudential policy: strengthening the foundations, enhancing the toolkit and taking action

Keynote address by Vítor Constâncio, Vice-President of the ECB, at the First conference of the Macro-prudential Research Network (MaRs), Frankfurt am Main

Karas 'very concerned' over EBA budget

The rapporteur for the fourth revision of the Capital Requirements Directive has added to concerns that the European Banking Authority will not have the manpower to write the landmark legislation's technical details.