Combined with other corporate governance mechanisms, contingent capital securities function as an internal, institution specific mechanism that could fill the void left by regulators' apparent inability to supervise financial institutions effectively.
Source quote, verbatim
Com- bined with other corporate governance mechanisms, CCSs, as an internal institution-specific mechanism, could help fill a void left by regulators' seeming inability to supervise financial institutions effectively.
From
Wulf A. Kaal, Initial Reflections on the Possible Application of Contingent Capital in Corporate Governance (2012), I. Introduction, p. 9 https://ssrn.com/abstract=1998455 · source PDF
Cite as
Wulf A. Kaal, Initial Reflections on the Possible Application of Contingent Capital in Corporate Governance (2012). SSRN: https://ssrn.com/abstract=1998455
Holds when
where CCS are used alongside, not instead of, other corporate governance mechanisms
restated_bykaal:claim:2957645-019 Regulators are often unable to supervise financial institutions effectively because of insufficient public fun...
extended_bykaal:claim:2957645-018 The conversion feature of contingent capital securities has the potential to change the control dynamic, the d...
extended_bykaal:claim:2957645-025 Contingent capital qualifies as a dynamic regulatory mechanism because capital injection is available only if ...
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