Understanding CoCo Bonds: A New Source of Systemic Risk

CoCo Bonds

Since the 2008 financial crisis, regulators, policymakers and the “too big to fail” (TBTF) banks around the world have been developing new ways to resolve insolvent TBTF banks without the Continue ReadingUnderstanding CoCo Bonds: A New Source of Systemic Risk

Puerto Rico Rating Downgrades: Enron Redux?

On November 28, 2001 Enron lost its investment grade credit rating. Four days later, the company filed for bankruptcy. Those awaiting a similar collapse after Puerto Rico’s descent into junk Continue ReadingPuerto Rico Rating Downgrades: Enron Redux?