kaal:claim:2097160-018

To be effective, early triggers must be set well above the Basel III capital requirement threshold, and capital-ratio early triggers should be independent of regulatory demands about capitalization levels.

Source quote, verbatim

To be effective, early triggers should be well above the threshold for capital requirements under Basel III.164 But early triggers in the form of capital ratios should be independent of regulatory demands pertaining to capitalization levels.

From

Wulf A. Kaal, Contingent Capital in Executive Compensation (2012), V.B.1 Automatic Institution-Specific Early Trigger, p. 39
https://ssrn.com/abstract=2097160 · source PDF

Cite as

Wulf A. Kaal, Contingent Capital in Executive Compensation (2012). SSRN: https://ssrn.com/abstract=2097160

Holds when

early triggers expressed as capital ratios
Basel III capital regime

Classification

conditionsupport: arguedsystemic-riskcontingent-capital

Verify

The quote above is an exact substring of the source PDF, whose sha256 is 1e1f8aa246bce19f4658dbceb455c7c2a272aa5d63a9e9bdaa46a3a5a87680fc. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/157830de34b327b8...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/2097160-018.md | sha256sum