{
 "@context": "https://schema.org",
 "@type": "Claim",
 "@id": "https://wulfkaal.github.io/claims/2061166-007",
 "identifier": "kaal:claim:2061166-007",
 "text": "Even the residual national discretion to set countercyclical buffers between 2.5 and 5 percent is misleading, because a Member State such as the United Kingdom is unlikely to sustain a 5 percent buffer while Germany requires only 2.5 percent and thereby hands German banks a competitive advantage.",
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0009-0008-7840-1847"
 },
 "citation": "Christoph K. Henkel, Wulf A. Kaal, Contingent Capital in European Union Bank Restructuring (2012). SSRN: https://ssrn.com/abstract=2061166",
 "isBasedOn": {
  "@type": "ScholarlyArticle",
  "name": "Contingent Capital in European Union Bank Restructuring",
  "datePublished": "2012",
  "url": "https://ssrn.com/abstract=2061166",
  "sha256": "43625ea260d0fc045e86d3435df50c9d0ca4abf8542e6085a6165be6653b4a7b",
  "encoding": "https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Henkel%20and%20Kaal%20-%202012%20-%20Contingent%20Capital%20in%20European%20Union%20Bank%20Restructuring.pdf"
 },
 "keywords": [
  "institutional-design"
 ],
 "about": [
  "countercyclical-buffer",
  "national-discretion",
  "competitiveness",
  "crd-iv"
 ],
 "abstract": "The Commission proposal explicitly allows Member States to implement countercyclical buffers of up to 5%, but limits mutual recognition to the 2.5% ceiling. Even in these instances, the proposed discretion may be misleading.",
 "additionalProperty": [
  {
   "@type": "PropertyValue",
   "name": "claim_type",
   "value": "predictive"
  },
  {
   "@type": "PropertyValue",
   "name": "confidence",
   "value": "argued"
  },
  {
   "@type": "PropertyValue",
   "name": "scope_conditions",
   "value": [
    "buffers set above the 2.5 percent mutual recognition ceiling",
    "competing national banking sectors, especially where the state holds bank ownership stakes"
   ]
  },
  {
   "@type": "PropertyValue",
   "name": "is_failure_mode",
   "value": true
  },
  {
   "@type": "PropertyValue",
   "name": "attestations",
   "value": "https://wulfkaal.github.io/colloquium/attestations/a3d478a38c5607dafac81199377036d9ffd72b4dabb1936ae3a0c853f2898736.json"
  },
  {
   "@type": "PropertyValue",
   "name": "edges",
   "value": []
  }
 ],
 "isPartOf": {
  "@id": "https://wulfkaal.github.io/claims/index.json"
 },
 "dateModified": "2026-07-27",
 "version": "1.0",
 "sha256": "a3d478a38c5607dafac81199377036d9ffd72b4dabb1936ae3a0c853f2898736",
 "canonicalForm": "https://wulfkaal.github.io/claims/2061166-007.md"
}