The battle of Cocos. Swiss authorities made a mistake with consequences and potentially a host of court cases. They wiped out $17 billion of Additional Tier 1 bonds ( or Contingent Convertible Bonds or Cocos).These were invented after the 2008 crisis

Lyn Alden @LynAldenContact · Mar 20, 2023

Good thread from the former governor of the Bank of Portugal and former vice president of the ECB:

Tweet Mar 20, 2023

by Vitor Constâncio

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