Eiopa targets bank Cocos

Regulator to monitor insurers’ investment in contingent convertible bonds

Eiopa flags

The European Insurance and Occupational Pensions Authority (Eiopa) intends to ramp up scrutiny of insurers' investments in bank contingent convertible bonds (Cocos), reflecting its concern about the interconnectedness of banks and insurers in a crisis.

A spokesperson for Eiopa says the authority will keep a watch on additional Tier I capital instruments issued by banks and "monitor the developments related to these instruments and assess their impact on financial stability and consumer protectio

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