CoCos/AT1s may Look Simple but aren't

IMG
Instructor
Michael Stafferton
January 15, 2026 (Thursday)
04:00 PM BST
Duration: 60 Minutes
Webinar Id: 70068
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Overview:

The risks of CoCos

Why you should Attend:

Do you know a CoCo’s risks?

Areas Covered in the Session:

  • Basel Capital ratios, how a CoCo works, its position within a bank’s capital structure (AT1)
  • The trigger level and the risk it results in: crash insurance, an equity put, second loss credit portfolio insurance

Who Will Benefit:

  • Bank
  • Fund Manager
  • Insurer Personnel

Speaker Profile

Michael Stafferton has over twenty years’ experience of training and consulting with clients on a range of technical financial areas, based on his previous front-office market experience in derivatives and fixed income, arranging and executing transactions for governments, banks and corporates. Bank Regulation and Risk Management is a particular area of focus, together with other Capital Markets related areas, including in particular Securitisation. He invests a considerable amount of time keeping up with developments in the financial world, including crypto and stablecoins. His client-list comprises primarily central banks, investment banks, commercial banks, fund managers and insurers globally. He is an Associate with Moody’s Analytics.