kaal:claim:2097160-031

Regulatory guidance on contingent capital design and issuance may be needed to curtail executive involvement in designing these instruments and to produce socially optimal designs.

Source quote, verbatim

Regulatory guidance on contingent capital designs and issuances may be needed to curtail the involvement of executives in the design of contingent convertible bonds and create socially optimal designs.200

From

Wulf A. Kaal, Contingent Capital in Executive Compensation (2012), V.C Design Features to Avoid Abuse, p. 52
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

regulators unlikely to supply rules or best practice guidance in the near term

Classification

normativesupport: arguedcontingent-capital

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