kaal:claim:2061166-014

Because German law fixes no threshold conditions or determining factors for market reception or market confidence, the systemic relevance and contagion determinations that turn on those factors can never be made in a reliable and objective manner.

Source quote, verbatim

The German law does not stipulate any threshold conditions or determining factors for market reception or confidence. As a result, it will always be difficult to determine any of these factors in a reliable and objective manner.

From

Christoph K. Henkel, Wulf A. Kaal, Contingent Capital in European Union Bank Restructuring (2012), (ii) Reorganization Procedure, p. 42
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

determination of systemic threat under the German Banking Act

Classification

failuresupport: arguedfailure: Unmeasurable market confidence standardfamily: definitional-ambiguitysystemic-riskrisk-and-incentiveseconomicslaw-and-legal-systems

Verify

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Attestation record: colloquium/attestations/e3a8e8e8c0056d96...json
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