Swiss regulator clowning around with Credit Suisse’s CoCos
Don’t buy a financial instrument named after a clown. Not in Switzerland anyway. The holders of Credit Suisse’s CoCos, or contingent convertible bonds, have been well and truly popped: a £14 billion wipeout at the hands of the Swiss financial regulator Finma. Even the custard pie treatment isn’t tha
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### Instruction: Swiss regulator clowning around with Credit Suisse’s CoCos

### Response: Don’t buy a financial instrument named after a clown. Not in Switzerland anyway. The holders of Credit Suisse’s CoCos, or contingent convertible bonds, have been well and truly popped: a £14 billion wipeout at the hands of the Swiss financial regulator Finma. Even the custard pie treatment isn’t tha