Capital Innovation & CoCo Bonds Congress 2011 - The venue

• Mapping the future of hybrid securities in light of changing regulation
• What does Basel subscribe to as a way of loss absorbency?
• How are securities structured with loss absorbency requirements?
• What is the buffer capital requirement?

• How does regulation differ from country to country, bank to bank?
• Which countries are more receptive to new ideas and instruments?
• What part does the local and national regulator have to play: What measures can the regulator undertake to encourage issuance and uptake by banks?
• How significant is a country’s legal system and requirements when considering new instruments such as contingent capital?

• What are the main challenges for a ratings agency related to CoCos: how are they assessing risk?
• What are ratings agencies expecting to do if we see further issuance?
• How have ratings agencies reassessed how they measure risk associated with hybrid debt securities?

• What are the tools available for banks to use?
• How can you protect senior debt holders?
• How are liabilities and balance sheets affected?
• Local discretion: what will be the role of local regulators and how will this affect the resolution regime?

“Overcoming challenges when issuing SCNs: issuance and sale”