Explore contingent convertibles (CoCos) as high-yield debt instruments in Europe’s banks, their regulatory role, how they ...

For financial analysts, understanding bank liquidity risk is essential not just for assessing individual banks, but also for evaluating broader market conditions. Banks rely on several forms of ...

The activities of public corporations can pose significant fiscal risks to governments. These risks can arise not only from explicit and implicit contingent liabilities (such as guaranteed and ...

No sooner had bond market participants learned of Credit Suisse’s successful completion of a buffer capital notes deal widely marketed to investors outside the US than expectations grew that more ...

Discover how contingent guarantees protect sellers from non-payment. Learn their role in international trade and risk management, differentiating them from letters of credit.

The Federal Housing Finance Agency's Office of Inspector General (FHFA OIG) has recommended that FHFA issue standards for the two government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac to ...

We analyze how concerns for model misspecification on the part of international lenders affect the desirability of issuing state-contingent debt instruments in a standard sovereign default model à la ...

Deal-contingent hedging (linking the settlement of a vanilla hedging instrument to the success or failure of the underlying transaction) has evolved from an efficient way of mitigating ...