entity · derived

Barclays

3 claims across 1 works, 2012–2012.

Derived node: assembled mechanically from the claims carrying barclays. A roster, not an adjudicated definition.

Every claim under this term

• 2097160-009 2012 empirical: Barclays's Contingent Capital Plan uses synthetic CoCos that simply lapse when the Group Core Tier 1 capital ratio falls below seven percent, rather than converting into equity.
• 2097160-010 2012 failure: Because the Barclays award falls away rather than converting, it does not create a fixed claim giving managers a stake in the firm's liquidation value, and therefore it does not lower agency cost.
• 2097160-011 2012 failure: A contingent capital award to executives without a conversion feature yields only limited governance improvement and only limited incentive to lower risk-taking; in its current form it operates as a m

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