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 "text": "Placing bank reorganization in the hands of an administrative supervisory authority rather than a bankruptcy court, as Swiss law does, trades better sector knowledge and a faster procedure against the cost of very broad agency discretion.",
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  "name": "Wulf A. Kaal",
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 "citation": "Christoph K. Henkel, Wulf A. Kaal, Contingent Capital in European Union Bank Restructuring (2012). SSRN: https://ssrn.com/abstract=2061166",
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 "abstract": "The perceived advantage is better knowledge of the banking sector that may result in a more efficient and expeditious procedure. The clear disadvantage is the broad discretion of the agency in overseeing financial institutions.",
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