kaal:claim:2957645-017

Strained financial institutions may find the automatic conversion of debt into equity through contingent capital securities an attractive alternative to being forced into restructuring or liquidation.

Strained financial institutions may find the automatic conversion of debt into equity via contingent capital securities an attractive alternative to being forced into restructuring or liquidation.31

Kaal, Dynamic Regulation via Contingent Capital (2017), III. Contingent Capital, p. 11
https://ssrn.com/abstract=2957645 · source PDF

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

• the institution is already financially strained
• restructuring or liquidation is the realistic alternative

mechanismsupport: arguedcontingent-capitalsystemic-risk

• restates kaal:claim:2061166-003 Contingent capital is stipulated as the predefined conversion of a financial institution's debt securities int...

The quote above is an exact substring of the source PDF, whose sha256 is 250b10782a5ea5dece9235a7f711aee408feaf36f2e78e310d589b5ee6304be2. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/184f50b656468b9c...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/2957645-017.md | sha256sum