Why AT1s should be phased out

Q: How long will it take to read this news story?

The story "Why AT1s should be phased out" has 762 words across 40 sentences, which will take approximately 4 - 7 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Why AT1s should be phased out" was covered 13 hours ago by Financial Times, a news publisher based in United States.

Q: How trustworthy is 'Financial Times' news outlet?

Financial Times is a fully independent (privately-owned) news outlet established in 1888 that covers mostly markets, finance, and investing news. The outlet is headquartered in United States and publishes an average of 9 news stories per day. It's most recent story was published 11 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #25766004</li><li>URL: https://chronographically.beamstart.com/news/why-at1s-should-be-phased-17385589021217</li></ul>

Financial Times 13h ago

Why AT1s should be phased out - Financial Times

Quick Summary:

They can reinforce any market fears over the issuer’s financial problems, resulting in higher funding costs, a rush by depositors to withdraw funds, and cancellation of interbank credit lines.

They place unjustified reliance on the market price, which is simply a margin over bank subordinated debt or based on existing comparable issues.

The share price of the issuer might also fall due to additional dilution from conversion of AT1s and worries over the rising possibility of default.