kaal:claim:1998455-024

The combination of demonstrated investor interest and an underdeveloped regulatory structure in the United States presents a unique opportunity to experiment with contingent capital designs and with their application to the corporate governance of systemically important financial institutions.

The combination of investor interest and an underdeveloped regulatory structure in the United States, pertaining to this market segment, could present a unique opportunity to experiment with contingent capital designs and their possible application in corpo- rate governance of SIFIs.

Wulf A. Kaal, Initial Reflections on the Possible Application of Contingent Capital in Corporate Governance (2012), V. Evolving Market in Contingent Capital, p. 38
https://ssrn.com/abstract=1998455 · source PDF

Wulf A. Kaal, Initial Reflections on the Possible Application of Contingent Capital in Corporate Governance (2012). SSRN: https://ssrn.com/abstract=1998455

• United States market conditions as of 2012
• structurally different debt and equity markets from Europe

designsupport: arguedcontingent-capitalgovernance-designcorporate-governanceeconomicsinstitutional-design

• extended_by kaal:claim:2957645-018 The conversion feature of contingent capital securities has the potential to change the control dynamic, the d...

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