# kaal:claim:1908473-021

**Claim.** 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.

**Type.** condition  **Support.** argued

**Holds when.**

- Assumes jurisdictions legislate contingent capital independently of one another

**Source quote.**

> 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.

**From.** Wulf A. Kaal, Christoph Henkel, *Contingent Capital with Sequential Triggers* (2011), II.B. Limitations and Open Issues, page 23

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

**Verify.** sha256 of source PDF `9d578dac663357529edd1f6453fcfe69bdc59ac882408d9edfde5a4c2916befa` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20and%20Henkel%20-%202011%20-%20Contingent%20Capital%20with%20Sequential%20Triggers.pdf

**Failure mode.** regulatory-arbitrage  (family: regulatory-arbitrage)

**Topics.** regulatory-failure, contingent-capital

**Keywords.** regulatory-arbitrage, harmonization, convergence, contingent-capital

**Related claims.**

- restated_by: https://wulfkaal.github.io/claims/2061166-038
- extended_by: https://wulfkaal.github.io/claims/1998455-015
- extended_by: https://wulfkaal.github.io/claims/2061166-037

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.