# kaal:claim:2061166-025

**Claim.** 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.

**Type.** design  **Support.** argued

**Holds when.**

- systemically important banks
- issuance within the scope of the articles of incorporation with disclosed trigger events

**Source quote.**

> 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, page 59

**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

**Topics.** contingent-capital, disclosure

**Keywords.** swiss-law, contingent-capital, convertible-capital, legislative-model, trigger-disclosure

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