kaal:claim:2061166-028

Mandating the issuance of contingent capital does not guarantee that a viable market in contingent capital securities will develop.

Mandatory issuance of contingent capital does not guarantee that a viable market in contingent capital securities will develop.

Christoph K. Henkel, Wulf A. Kaal, Contingent Capital in European Union Bank Restructuring (2012), A. Trigger Events, Uncertainty, Market Development, p. 64
https://ssrn.com/abstract=2061166 · source PDF

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

• mandatory minimum issuance requirements imposed by regulators

failuresupport: arguedfailure: Mandated issuance without a marketfamily: liquidity-and-market-structure-failurecontingent-capitaleconomicsdefi

• extends kaal:claim:1908473-019 Mandatory contingent capital issuance requires the creation of a new market, and market creation takes time: t...

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• Extension: Introduction: The European Union’s Accountability and Legitimacy Deficit