With another torrid quarter in the capital markets having drawn to a close, Financial News takes the opportunity to cast its eyes over the past three months and review what it has learned.

1) The jury is still out on CoCos Investors clamoured to take-up Credit Suisse's $2bn of contingent convertible bonds in an important step for the nascent market, but not everyone is convinced. UBS chief executive Oswald Grübel thinks the instruments are 'very dangerous' (though he is still allowing his bank to underwrite them).