Titlebook: Contingent Convertible Bonds, Corporate Hybrid Securities and Preferred Shares; Instruments, Regulat Marcin Liberadzki,Kamil Liberadzki Boo

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https://doi.org/10.1007/978-3-319-10623-6II capital instruments and how they evolved into Additional Tier 1 (AT1) CoCos under Basel III Capital Accord. The main focus is on the detailed characteristics of the AT1 CoCos. This research is combined with basic analysis of EEA banks’ capital data, as it is crucial to assess risks of trigger eve

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Measuring Change Impact on Program Behaviour discretionary power to start write-down or conversion of contingent convertibles (CoCos) and determine its exact scope on reaching the point of non-viability (PONV) that marks an institution is ‘failing or likely to fail’. These two trigger mechanisms are effective parallelly and their interrelatio

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thematical, legal and financial analysis.This?book?is?a?comprehensive?guide to?the?new?generation?of?hybrid securities: subordinated and perpetual bonds with deferrable coupon first issued around 2003, and the youngest member of the hybrids family named CoCos (contingent?convertibles) being a produc

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https://doi.org/10.1007/978-3-319-10623-6cteristics of the AT1 CoCos. This research is combined with basic analysis of EEA banks’ capital data, as it is crucial to assess risks of trigger event, coupon cancellation and call extension. Then we investigate AT1s with regard to the banks’ cost of capital. Finally, we present the CoCos classified as Tier 2 bank regulatory capital.

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