kaal:claim:2061166-038

Without a degree of similarity and convergence in bank resolution and contingent capital rules, regulatory arbitrage will work against establishing contingent capital as an integral part of financial markets.

Without a degree of similarity and convergence in bank resolution and contingent capital rules, regulatory arbitrage could have an adverse effect on establishing contingent capital as an integral part of financial markets.

Christoph K. Henkel, Wulf A. Kaal, Contingent Capital in European Union Bank Restructuring (2012), VII. CONVERGENCE, p. 71
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

• absent international convergence of resolution and contingent capital rules

conditionsupport: arguedfailure: Regulatory arbitrage blocks contingent capital adoptionfamily: regulatory-arbitrageregulatory-failurecontingent-capitaleconomics

• restates kaal:claim:1908473-021 Without a degree of international convergence in contingent capital rules, regulatory arbitrage could undermin...
• extends kaal:claim:1998455-015 Divergent national definitions of Tier 1 capital produce a distortion: financial institutions in countries wit...

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