The future of AT1s: “If it ain’t broke, don’t fix it”

05 January 2026 | Romain Miginiac

The European Central Bank’s latest recommendations have rekindled debate over Additional Tier 1 (AT1) bonds. While authorities may question AT1s’ effectiveness in absorbing losses in times of market stress, legislative practicalities and the need to maintain AT1s’ market viability could limit the scope for change. With significant reforms unlikely, investors may instead focus on managing volatility, risk and opportunity in an environment of historically tight spreads in AT1 Contingent Convertible Bonds.

Subordinated debt remains the sweet spot within fixed income

December 2025 | Romain Miginiac

Credit Opportunities: “We see the European financial sector as one of the best opportunities within credit markets in 2026.”

European financial green bonds: yield and impact go hand in hand

December 2025 | Romain Miginiac

Sustainable Climate Bonds: "Green does not have to equal lower return."

Why Europe is back on the radar for global investors

10 November 2025 | Gregoire Mivelaz

As rate cycles diverge, Atlanticomnium Fund Manager Grégoire Mivelaz sees Europe’s policy stability, alongside the strength of its banks, drawing renewed investor interest.