kaal:claim:2957645-018

The conversion feature of contingent capital securities has the potential to change the control dynamic, the distribution of power, and the dependencies within systemically important financial institutions.

Source quote, verbatim

The conversion feature of CCS has the potential to change the control dynamic, power, and dependencies within systemically important financial institutions (SIFIs).

From

Kaal, Dynamic Regulation via Contingent Capital (2017), III. Contingent Capital, p. 11
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

systemically important financial institutions with outstanding contingent capital securities
conversion is actually triggered

Classification

mechanismsupport: arguedcontingent-capitalsystemic-riskgovernance-designcorporate-governance

Related claims

extends kaal:claim:1998455-024 The combination of demonstrated investor interest and an underdeveloped regulatory structure in the United Sta...
extends kaal:claim:1998455-005 Combined with other corporate governance mechanisms, contingent capital securities function as an internal, in...

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Attestation record: colloquium/attestations/72844d1b64f1d3ea...json
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Positions extending this scholarly claim

Extension: Exploring the Potential of Generative AI in Financial Information Control and External Audit