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07 April 2023

ECGI: Banks should issue more CoCos and their design needs to be further refined

Too-big-to-fail is the key term that epitomizes the global financial crisis (GFC) of 2007-2008. In the middle of the crisis, the financial regulators had to accept that bank bailouts are the only form of stabilizing intervention. Other options like putting the bank in resolution was considered too...

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