Contingent Capital: The Case for COERCs webcast now available in the GARP archives

As co-writer of a research paper on Call Option Enhanced Reverse Convertibles (COERCs), AIF Program Director, Theo Vermaelen presented his paper in a GARP webcast. This new type of bond, COERCs, would eliminate concerns about equity price "death spirals" as a result of manipulation or panic, and a bank issuing COERCs would have a smaller incentive to choose investments subject to large losses.

06 Dec 2012