Capital Markets, Federal Tax, Banking + Financial Services, New Products, and Financial Institutions + Financial Services
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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