Can contingent convertible bonds help banks cope with financial stress? The Democratic presidential hopefuls are failing us on trade.

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July 31, 2019

Currencies and Globe ([link removed] )

Bailouts, Capital, or CoCos: Can Contingent Convertible Bonds Help Banks Cope with Financial Stress? ([link removed] )

Since the 2008 financial crisis, banking regulators have focused on permitting important financial institutions to issue their own alternative debt instruments, in order to meet their capital requirements. Among these alternatives are so-called contingent convertible capital securities (CoCos), which institutions can issue to investors as bonds, provided that they’ll convert into equity if the institution fails to meet a given capital ratio. In a new policy analysis ([link removed] ) , Robert A. Eisenbeis evaluates CoCos and shows that, so far, they haven’t achieved their intended purpose. Indeed, U.S. regulators should approach CoCos with skepticism and caution.

- “Bailouts, Capital, or CoCos: Can Contingent Convertible Bonds Help Banks Cope with Financial Stress? ([link removed] ) ” by Robert A. Eisenbeis

Trade Ships ([link removed] )

The Democratic Presidential Hopefuls are Failing Us on Trade ([link removed] )

The Democratic Party is long overdue for a serious, substantive debate over the objectives and tools of trade policy. Making a play for the center on trade would be the outcome that best serves the party and the country.

- “The Democratic Presidential Hopefuls are Failing Us on Trade ([link removed] ) ,” by Daniel J. Ikenson

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