# kaal:claim:2061166-028

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

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

**Holds when.**

- mandatory minimum issuance requirements imposed by regulators

**Source quote.**

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

**From.** Christoph K. Henkel, Wulf A. Kaal, *Contingent Capital in European Union Bank Restructuring* (2012), A. Trigger Events, Uncertainty, Market Development, page 64

**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.** Mandated issuance without a market  (family: liquidity-and-market-structure-failure)

**Topics.** contingent-capital, economics, defi

**Keywords.** contingent-capital, market-development, mandatory-issuance, liquidity

**Related claims.**

- extends: https://wulfkaal.github.io/claims/1908473-019

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.