As noted by Paul Tucker, there is no place to hide risk: if the risk in banking is not incorporated in the yields of bonds issued by banks themselves, then it will be reflected in higher  10  To give a flavour of the issues markets will have to consider, we can look at the literature on contingent convertibles bonds tied to market evaluation, or CoCos – see among others, O. Hart and L. Zingales, 2011, “A New Capital Regulation for Large Financial Institutions”, Journal of Antitrust Enforcement, Vol.
The Chinese internet retail service company Alibaba, which is currently on a roadshow for what is expected to be among the largest Initial Public Offerings of its kind on international capital markets, advertises itself as a supplier to firms as much as to households.