kaal:claim:2061166-018

The German bank levy is internally inconsistent because financial institutions without systemic relevance must contribute to the reorganization fund yet are ineligible to receive support payments from it.

Source quote, verbatim

The German levy system is problematic because financial institutions without systemic relevance are required to contribute to the fund, yet are not able to receive fund support payments.

From

Christoph K. Henkel, Wulf A. Kaal, Contingent Capital in European Union Bank Restructuring (2012), (c) The Law Establishing the Reorganization Fund for Financial Institutions, p. 51
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 reorganization fund financed by a levy on all German banks

Classification

failuresupport: arguedfailure: Non-systemic banks pay for a fund they cannot draw onfamily: compliance-cost-and-barrier-to-entrysystemic-risk

Verify

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Attestation record: colloquium/attestations/0cd41b02872f0e88...json
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