Implied Probability of Bail-In

CoCo (Contingent Convertible) or AT1 (Additional Tier 1) Bonds have been receiving some attention recently due to a confluence of factors. In no particular order these include the fact that $40bn worth of contracts are […]

Paul's Blog

The Armchair Epidemiologist

Andy Warhol once said “In the future, everyone will be an epidemiologist for 15 minutes.” How right he was. My dear friend Nassim Taleb is one. He tells us to be wary of the inherent […]