# kaal:claim:2061166-020

**Claim.** The German Banking Act requirement that a bridge bank have its head office inside Germany is of highly questionable compatibility with European Union law, specifically the principle of free movement of capital under Article 63 TFEU.

**Type.** failure  **Support.** argued

**Holds when.**

- bridge bank transferee requirements under the German Banking Act

**Source quote.**

> It is highly questionable whether this requirement conforms to the Law of the European Union, namely the principal of free movement of capital, TFEU, art. 63.

**From.** Christoph K. Henkel, Wulf A. Kaal, *Contingent Capital in European Union Bank Restructuring* (2012), (b) Regulatory intervention powers and procedures, page 47

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

**Verify.** sha256 of source PDF `43625ea260d0fc045e86d3435df50c9d0ca4abf8542e6085a6165be6653b4a7b` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Henkel%20and%20Kaal%20-%202012%20-%20Contingent%20Capital%20in%20European%20Union%20Bank%20Restructuring.pdf

**Failure mode.** National bridge bank residency requirement conflicts with EU law  (family: jurisdictional-conflict)

**Topics.** systemic-risk, law-and-legal-systems

**Keywords.** bridge-bank, eu-law, free-movement-of-capital, german-banking-law, legal-conflict

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