Capital Markets, Federal Tax, Banking + Financial Services, New Products, and Financial Institutions + Financial Services
Anna T. Pinedo and Thomas A. Humphreys
Thomas A. Humphreys and Anna T. Pinedo
During the financial crisis, hybrid securities were not as loss absorbing for their issuers as some expected, and a number of governments conditioned aid on deferring hybrid payments, meaning investors suffered unanticipated losses. Now discussions are underway on changing regulation and harmonizing definitions of Tier 1 products. Debate has also focused on contingent capital—the newest hybrid.
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