Stay updated with breaking news from Key Attribute. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
PRIOR to the Swiss government’s decision on the UBS Group AG-Credit Suisse Group AG merger, which led to the write-down of the latter’s CHF16 billion (RM77 billion) Additional Tier 1 (AT1) capital, or contingent convertible (CoCo) bonds, not many in Malaysia would have heard of these hybrid securities that have the characteristics of both debt and equity.
<p><span>The Financial Stability Board (FSB) today published two papers: on practices for funding in resolution; and on internal financial and operational interconnectedness designed to facilitate effective resolution planning for insurers.</span></p>
<p><span>The FSB today published a </span><a href="https://www.fsb.org/2021/11/good-practices-for-crisis-management-groups-cmgs-2/">report on good practices for Crisis Management Groups</a><span> (CMGs). CMGs bring together the home and key host authorities that have a role in the resolution of a systemically important financial institution. The report sets out good practices that have helped CMGs to enhance preparedness for the management and resolution of a cross-border financial crisis affecting a Global Systemically Important ...