# kaal:claim:2061166-038

**Claim.** 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.

**Type.** condition  **Support.** argued

**Holds when.**

- absent international convergence of resolution and contingent capital rules

**Source quote.**

> 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.

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

**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.** Regulatory arbitrage blocks contingent capital adoption  (family: regulatory-arbitrage)

**Topics.** regulatory-failure, contingent-capital, economics

**Keywords.** regulatory-arbitrage, convergence, contingent-capital, financial-markets

**Related claims.**

- restates: https://wulfkaal.github.io/claims/1908473-021
- extends: https://wulfkaal.github.io/claims/1998455-015

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