{
 "@context": "https://schema.org",
 "@type": "DefinedTerm",
 "@id": "https://wulfkaal.github.io/entities/mandatory-issuance",
 "identifier": "kaal:entity:mandatory-issuance",
 "name": "Mandatory issuance",
 "termCode": "mandatory-issuance",
 "inDefinedTermSet": {
  "@id": "https://wulfkaal.github.io/entities/index.json"
 },
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
 },
 "dateModified": "2026-07-29",
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 "sha256": "63871e9ca812bbf019579bcda5be8e71615ba4653bb8085e0c62012e44fcb68e",
 "additionalProperty": [
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   "name": "status",
   "value": "derived"
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   "name": "claim_count",
   "value": 2
  },
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   "value": 2
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  {
   "@type": "PropertyValue",
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   "value": [
    "2012",
    "2012"
   ]
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 "subjectOf": [
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/1998455-020",
   "identifier": "kaal:claim:1998455-020",
   "text": "A mandatory contingent capital issuance regime induces institutions to buy their competitors' securities to satisfy regulatory obligations rather than for economic reasons, and the resulting cross holdings among systemically important institutions undermine the ability of contingent capital to limit systemic risk and contagion.",
   "abstract": "A detrimental result of such a practice could be CCS cross holdings among SIFIs. Cross holdings of CCS by SIFIs could undermine the effectiveness of CCS and its ability to limit systemic risk and contagion.",
   "citation": "Wulf A. Kaal, Initial Reflections on the Possible Application of Contingent Capital in Corporate Governance (2012). SSRN: https://ssrn.com/abstract=1998455",
   "datePublished": "2012",
   "claim_type": "failure",
   "confidence": "argued",
   "is_failure_mode": true,
   "scope_conditions": [
    "under a regime requiring mandatory CCS issuance",
    "where SIFIs are permitted to purchase each other's CCS"
   ],
   "source_pdf_sha256": "1c16ff10a284469ba15fb7ba5523449b917388ee692d9b394f9e8c094544e32c",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2061166-028",
   "identifier": "kaal:claim:2061166-028",
   "text": "Mandating the issuance of contingent capital does not guarantee that a viable market in contingent capital securities will develop.",
   "abstract": "Mandatory issuance of contingent capital does not guarantee that a viable market in contingent capital securities will develop.",
   "citation": "Christoph K. Henkel, Wulf A. Kaal, Contingent Capital in European Union Bank Restructuring (2012). SSRN: https://ssrn.com/abstract=2061166",
   "datePublished": "2012",
   "claim_type": "failure",
   "confidence": "argued",
   "is_failure_mode": true,
   "scope_conditions": [
    "mandatory minimum issuance requirements imposed by regulators"
   ],
   "source_pdf_sha256": "43625ea260d0fc045e86d3435df50c9d0ca4abf8542e6085a6165be6653b4a7b",
   "status": "current"
  }
 ],
 "description": "2 claims in the published works of Wulf A. Kaal carry the concept tag 'mandatory-issuance'. Derived node: a roster, not an adjudicated definition."
}