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Bloomberg Wall Street Week March 24th, 2023
Wall Street Week
The European Approach to Banking Supervision
There are profound issues raised about the banking supervision here in the United States, particularly with the stress test. They had the approach of those AT1 bonds or co-coast that did not hold up so well for credit suites certainly. And now as the week has progressed here, we've seen Deutsche Bank come under siege. I think it's also clear that there's going to need to be some fairly systematic rethinking of these contingent capital instruments and how they work.
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