Santander's AT1 non-call is “useful vision corrective”

Thomas Helm

January 20 2019

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Bankers and regulators say the decision not to call the bond should help the market open its eyes to the true nature of AT1: a hybrid instrument with perpetual maturity and equity-like risks

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Thomas Helm

Financial journalist

Thomas has worked for a variety of media outlets, including Kashmir Observer, La Vanguardia, and Hürriyet Daily News. His long report "The Accumulative Impact of Post-Crisis Regulation" was the first journalistic attempt to survey the impact of post-2008 reforms on financial markets. He is currently focused on Brexit, Mifid II, market structure issues, and sustainable finance.