kaal:claim:2061166-011

Before the 2010 reform, the German regulatory intervention regime for financial institutions contained no procedure that would have reliably permitted a bank to be operated as a going concern during the financial crisis.

Source quote, verbatim

In addition, the German regulatory intervention regime for financial institutions did not allow for any procedure that would have reliably permitted operating a bank as a going concern during the financial crisis.

From

Christoph K. Henkel, Wulf A. Kaal, Contingent Capital in European Union Bank Restructuring (2012), (a) The German Financial Institution Reorganization Act, p. 34
https://ssrn.com/abstract=2061166 · source PDF

Cite as

Christoph K. Henkel, Wulf A. Kaal, Contingent Capital in European Union Bank Restructuring (2012). SSRN: https://ssrn.com/abstract=2061166

Holds when

German law prior to the Financial Institution Reorganization Act entering into force on January 1, 2011

Classification

failuresupport: arguedfailure: No going-concern reorganization path for German banksfamily: supervisory-capacity-gapsystemic-risk

Verify

The quote above is an exact substring of the source PDF, whose sha256 is 43625ea260d0fc045e86d3435df50c9d0ca4abf8542e6085a6165be6653b4a7b. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/b099f87f7a632202...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/2061166-011.md | sha256sum