kaal:claim:2061166-015

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

Classification

predictivesupport: arguedfailure: Expanded supervisory powers deter voluntary petitionsfamily: trigger-design-failuresystemic-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/d78abfa9ef0e9d9f...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/2061166-015.md | sha256sum