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Podcast: Octus Radio
Episode: Reorg Radio Europe: AT1 Notes After The Credit Suisse Debacle: Backlash or Renaissance?
Description: On April 18, Reorg’s Editor Luca Rossi with Francesco Castelli Head of Credit Strategy and Fund Manager at Banor Capital discussed the future of additional tier 1 notes and banks’ cost of funding following the Swiss regulator Finma’s unprecedented decision to write down 16 billion Swiss francs ($17.5 billion) of Credit Suisse AT1 debt. The experts covered:
What is the outlook for additional tier 1 notes and how will banks navigate this environment?
What lies behind the regulator’s decision to completely wipe-out Credit Suisse’s AT1s, effectively reversing the order of who should absorb losses first in a troubled bank?
Who the next C...