  Future 5G networks will serve a variety of applications that will coexist on
the same spectral band and geographical area, in an uncoordinated and
asynchronous manner. It is widely accepted that using CP-OFDM, the waveform
used by most current communication systems, will make it difficult to achieve
this paradigm. Especially, CP-OFDM is not adapted for spectral coexistence
because of its poor spectral localization. Therefore, it has been widely
suggested to use filter bank based multi carrier (FB-MC) waveforms with
enhanced spectral localization to replace CP-OFDM. Especially, FB-MC waveforms
are expected to facilitate coexistence with legacy CP-OFDM based systems.
However, this idea is based on the observation of the PSD of FB-MC waveforms
only. In this paper, we demonstrate that this approach is flawed and show what
metric should be used to rate interference between FB-MC and CP-OFDM systems.
Finally, our results show that using FB-MC waveforms does not facilitate
coexistence with CP-OFDM based systems to a high extent.
