Contingent capital securities are likely to be more efficient than raising capital requirements, because the capital arrives only when it is needed.
Source quote, verbatim
CCS will likely be more efficient than raising capital requirements because the capital arrives only when it is needed.
From
Wulf A. Kaal, Christoph Henkel, Contingent Capital with Sequential Triggers (2011), II.A. Potential for Reform and Financial Stability, p. 17 https://ssrn.com/abstract=1908473 · source PDF
Cite as
Wulf A. Kaal, Christoph Henkel, Contingent Capital with Sequential Triggers (2011). SSRN: https://ssrn.com/abstract=1908473
restated_bykaal:claim:1998455-009 Installing contingent capital can be more efficient than raising capital requirements, because the capital inj...
restated_bykaal:claim:2957645-020 Contingent capital may be more efficient than simply raising capital requirements, because the capital injecti...
extended_bykaal:claim:2957645-024 Contingent capital could create a regime for providing countercyclical regulatory capital that further enhance...
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