# kaal:claim:2957645-018

**Claim.** 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.

**Type.** mechanism  **Support.** argued

**Holds when.**

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

**Source quote.**

> 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, page 11

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

**Verify.** sha256 of source PDF `250b10782a5ea5dece9235a7f711aee408feaf36f2e78e310d589b5ee6304be2` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202017%20-%20Dynamic%20Regulation%20via%20Contingent%20Capital.pdf

**Topics.** contingent-capital, systemic-risk, governance-design, corporate-governance

**Keywords.** contingent-capital, sifi, corporate-governance, control-rights

**Related claims.**

- extends: https://wulfkaal.github.io/claims/1998455-024
- extends: https://wulfkaal.github.io/claims/1998455-005

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.