The advantages of CoCos
Erwan Morellec, Professor at the Swiss Finance Institute @ EPFL and Head of the Swiss Finance Institute PhD program, is once again L’Invité at Le Temps. In his article he explains why CoCos (contingent convertible bonds) offer significant advantages in comparison to alternative measures such as equity issues with regard to decreasing the risk of bankruptcy of banks deemed “too-big-to fail”.
Read the full article on Le Temps of 6 May