Given the European initiatives on contingent capital and the nascent European market in contingent capital securities, the Board of Governors of the United States Federal Reserve would be well advised to consider implementing contingent capital standards.
Source quote, verbatim
Given the European initiatives on contingent capital and the nascent market in European contingent capital securities, the Board of Governors of the United States Federal Reserve would be well advised to consider implementing contingent capital standards.
Christoph K. Henkel, Wulf A. Kaal, Contingent Capital in European Union Bank Restructuring (2012). SSRN: https://ssrn.com/abstract=2061166
Holds when
United States regulators acting under Dodd-Frank authority contingent on the mandated feasibility study
Classification
normativesupport: arguedcontingent-capital
Related claims
supported_bykaal:claim:2957645-014 Section 165(b) of the Dodd-Frank Act already authorizes the Board of Governors of the Federal Reserve to utili...
extended_bykaal:claim:2957645-024 Contingent capital could create a regime for providing countercyclical regulatory capital that further enhance...
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