What does a Swiss court ruling on Credit Suisse's bond wipe out mean for Yes Bank?

Описание: "Switzerland’s Federal Administrative Court issued a sharp rebuke to the country’s financial authorities over their handling of Credit Suisse’s collapse. The court declared that the decision of FINMA, to write-off the Additional Tier 1 (AT1) bonds of Credit Suisse without writing down the equity shareholders, was illegal. For Indian policymakers and investors, the Swiss judgment inevitably evokes uncomfortable parallels with Yes Bank’s rescue in 2020. India must create a modern resolution regime for financial institutions, one that provides clarity on creditor hierarchies, transparency in decision-making and legal certainty." Watch Bhargavi Zaveri-Shah explain the implications of this ruling for all of us in India.
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