kaal:claim:2061166-025

Article 13 of the Swiss Banking Act, which authorizes boards of systemically important banks to issue mandatory convertible bonds subject to disclosure of the conversion triggering event and permits tranches with multiple triggers, could serve as a model for other European legislators and for the United States legislator.

Source quote, verbatim

The Swiss approach in Article 13 could perhaps become a model for other European legislators and perhaps even the U.S. legislator.

From

Christoph K. Henkel, Wulf A. Kaal, Contingent Capital in European Union Bank Restructuring (2012), C. Swiss Approach, p. 59
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
issuance within the scope of the articles of incorporation with disclosed trigger events

Classification

designsupport: arguedcontingent-capitaldisclosure

Verify

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Attestation record: colloquium/attestations/a8fb27649334013e...json
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