kaal:claim:1908473-021

Without a degree of international convergence in contingent capital rules, regulatory arbitrage could undermine the establishment of contingent capital as an integral part of financial markets.

Without a certain level of convergence in contingent capital rules,105 regulatory arbitrage could have an adverse effect on establishing contingent capital as an integral part of financial markets.

Wulf A. Kaal, Christoph Henkel, Contingent Capital with Sequential Triggers (2011), II.B. Limitations and Open Issues, p. 23
https://ssrn.com/abstract=1908473 · source PDF

Wulf A. Kaal, Christoph Henkel, Contingent Capital with Sequential Triggers (2011). SSRN: https://ssrn.com/abstract=1908473

• Assumes jurisdictions legislate contingent capital independently of one another

conditionsupport: arguedfailure: regulatory-arbitragefamily: regulatory-arbitrageregulatory-failurecontingent-capital

• restated_by kaal:claim:2061166-038 Without a degree of similarity and convergence in bank resolution and contingent capital rules, regulatory arb...
• extended_by kaal:claim:1998455-015 Divergent national definitions of Tier 1 capital produce a distortion: financial institutions in countries wit...
• extended_by kaal:claim:2061166-037 Convergence of contingent capital standards is impeded by a first mover problem: single jurisdictions hesitate...

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