# kaal:claim:2061166-035

**Claim.** Conversion of contingent capital securities from debt to equity should be timed to occur once problems are first detected but before the early intervention powers of regulatory authorities are triggered.

**Type.** design  **Support.** asserted

**Holds when.**

- European Union bank resolution framework with early intervention powers

**Source quote.**

> Conversion of CCS from debt to equity should take place when problems are first detected but before early intervention powers of regulatory authorities are triggered.

**From.** Christoph K. Henkel, Wulf A. Kaal, *Contingent Capital in European Union Bank Restructuring* (2012), VI. CONTINGENT CAPITAL AS A PREVENTATIVE TOOL IN EUROPEAN UNION BANK RESTRUCTURING, page 70

**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, systemic-risk

**Keywords.** trigger-timing, early-intervention, contingent-capital, prevention, bank-resolution

**Related claims.**

- extends: https://wulfkaal.github.io/claims/1908473-004

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