Hong Kong regulator cautious about CoCos

The HKMA is unconvinced about banks issuing contingent convertible instruments, according to Arthur Yuen, deputy chief executive of the HKMA

Arthur Yuen, Hong Kong Monetary Authority's deputy chief executive

Despite the popularity of Barclays' recently issued contingent convertible bonds (CoCos) with investors, the Hong Kong Monetary Authority (HKMA) is less convinced and is concerned about their safety, according to Arthur Yuen, deputy chief executive of the HKMA, speaking at a Thomson Reuters conference in Hong Kong today.

From January 1, 2013, Basel III requires bank issuance of Tier II capital to be loss-absorbable at the point of non-viability, prompting Barclays to issue a hugely

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here