kaal:claim:2957645-027

Contingent capital creates feedback effects because the conversion of debt to equity signals to regulators that the entity's management was unable to avoid the trigger, which is itself a call for increased regulatory scrutiny.

Second, contingent capital creates feedback effects because the conversion of debt to equity signals to regulators that the respective entity's management that was unable to avoid the trigger from debt to equity, which calls for increased regulatory scrutiny.57

Kaal, Dynamic Regulation via Contingent Capital (2017), IV. Dynamic Regulation Via Contingent Capital, p. 15
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

• regulators observe conversion events

mechanismsupport: arguedinstitutional-designcontingent-capital

• restates kaal:claim:2273857-059 A contingent capital triggering event signals that management was unable to manage the entity so as to avoid t...

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