Because the amendments to the German Banking Act sharply increase the supervisor's intervention powers, the prospect that any systemically important bank would voluntarily petition under the German stabilization or reorganization procedure is remote at best.
Source quote, verbatim
Furthermore, in context of these increased powers the likelihood that any systemically important bank may file a voluntary petition under the German stabilization or reorganization procedure seems remote at best.
From
Christoph K. Henkel, Wulf A. Kaal, Contingent Capital in European Union Bank Restructuring (2012), (b) Regulatory intervention powers and procedures, p. 45 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
systemically important banks in Germany
after the increase of BaFin intervention powers, which also reach groups, financial holdings and conglomerates
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