Basel To Update CoCos Position

The Basel Committee on Banking Supervision is expected to update its view of counting contingent capital bonds toward banks’ capital requirement, reports Reuters.

The Basel Committee on Banking Supervision is expected to update its view of counting contingent capital bonds toward banks’ capital requirement. Stefan Walter, the committee’s secretary general of global banking supervisors, says Basel need to assess the impact of counting CoCos not just on an individual bank but also on the broader market.

Click here to read the story from Reuters.