kaal:claim:2957645-014

Section 165(b) of the Dodd-Frank Act already authorizes the Board of Governors of the Federal Reserve to utilize contingent capital, so the mechanism has a statutory foundation in United States law.

Source quote, verbatim

Section 165(b) of the Dodd-Frank Act authorizes the Board of Governors of the Federal Reserve to utilize contingent capital.28

From

Kaal, Dynamic Regulation via Contingent Capital (2017), III. Contingent Capital, p. 10
https://ssrn.com/abstract=2957645 · source PDF

Cite as

Kaal, Dynamic Regulation via Contingent Capital (2017). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2957645

Holds when

United States law after the Dodd-Frank Act

Classification

empiricalsupport: evidencedcontingent-capital

Related claims

supports kaal:claim:2061166-039 Given the European initiatives on contingent capital and the nascent European market in contingent capital sec...

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