kaal:claim:1908473-022

Although the EU debt write-down proposal gives regulators certainty and discretion, it could produce greater market uncertainty, raise costs, and have the unintended effect of increasing the size of financial institutions.

Although the concept may provide greater certainty and discretion to regulators, it could result in greater market uncertainty, which is likely to increase costs, and could have the unintended effect of actually increasing the size of financial institutions.

Wulf A. Kaal, Christoph Henkel, Contingent Capital with Sequential Triggers (2011), III.B. The Targeted Approach, p. 30
https://ssrn.com/abstract=1908473 · source PDF

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

• Applies to the debt write-down element of the EU Commission proposal

failuresupport: arguedfailure: write-down-concentration-effectfamily: systemic-risk-transmissionsystemic-riskcontingent-capital

• restated_by kaal:claim:2061166-024 Implementing the European Commission's debt write-down proposal has the potential to increase funding costs fo...

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