From Breakingviews - Breakingviews - COMMENTARY: Swiss back-door CoCo fix looks misguided ↧ ↧ Breakingviews - COMMENTARY: Swiss back-door CoCo fix looks misguided A parliamentary committee proposed diluting ​capital demands for UBS by allowing the $170 bln ‌bank to use cheaper additional Tier 1 debt. The same lawmakers want these hybrid securities to be more useful in a crisis. Judging ​by Credit Suisse’s collapse, the reforms fail that test.