The first rule of systemic solvency club...
Of banking crises, regulatory fiat, and the lived experience of AT1 investors
The JC has been trying to avoid piling in on this Credit Suisse omnishambles, seeing as there are so many excellent analysts providing such good commentary on it,1 but hell
— who knew the topic of alternative tier 1 capital could be so captivating?
Systemic solvency club
The first rule of Systemic Solvency Club is YOU DON’T TALK ABOUT SYSTEMIC SOLVENCY CL…
