Credit Suisse, Yes Bank legacy: Tense future for AT1 bonds
Writing off AT1 bonds of Credit Suisse in Europe and Yes Bank in India pose a threat to this post-2007-08 global financial instrument meant to soar up capital and absorb financial shocks.
Writing off AT1 bonds of Credit Suisse in Europe and Yes Bank in India pose a threat to this post-2007-08 global financial instrument meant to soar up capital and absorb financial shocks.
The capital markets’ regulator frames risk management norms for debt mutual funds, which would control debt funds' portfolio and duration risks, and protect gullible investors.