Document details

Recapitalization of Caixa Geral de Depósitos

Author(s): Filipe, João

Date: 2018

Persistent ID: http://hdl.handle.net/10362/36373

Origin: Repositório Institucional da UNL

Subject(s): Banking; Regulation; Basel; Contingent capital; Domínio/Área Científica::Ciências Sociais::Economia e Gestão; Domínio/Área Científica::Ciências Sociais::Economia e Gestão; Domínio/Área Científica::Ciências Sociais::Economia e Gestão


Description

This thesis presents a case study about the 2017 recapitalization of Portuguese bank Caixa Geral de Depósitos (CGD). The case starts by presenting CGD’s situation and what led to its urgent capital needs. Furthermore, the case presents an analysis of new capital regulations coming out of Basel III and how banks use a combination of hybrid securities such as Contingent Convertible and Perpetual Notes to comply with such regulations. Finally, there is an in depth analysis of the recent issuance of Additional Tier 1 Capital Write Down Notes by CGD, and what it represents to the state owned bank’s future

Document Type Master thesis
Language English
Advisor(s) Pinho, Paulo
Contributor(s) Filipe, João
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