The Risk Management of Contingent Convertible (CoCo) Bonds KU Leuven
The financial crisis of 2007-2008 triggered an avalanche of financial worries for financial institutions worldwide. Governments intervened and bailed out banks using taxpayers' money. Preventing such bail-outs in the future and designing a more stable banking sector in general, requires both higher capital levels and regulatory capital of a higher quality. In the new banking regulations, created in the aftermath of the crisis, the financial ...