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Sale of complex hybrids to retail investors worries Aussie regulator

Wed, Sep 17, 2014 - 12:00 AM

[SYDNEY] Banks and brokerages are targeting retail investors with risky and complex hybrid instruments that even some professional investors avoid, a trend that worries Australia's investment regulator.

Contingent convertible bonds or "CoCos" are hybrid securities that count as Tier 1...

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