# Mandatory issuance

`kaal:entity:mandatory-issuance`

**Status.** derived

This node is assembled mechanically from the 2 claims that carry the concept tag `mandatory-issuance`. It is a roster of what the corpus says under this term. It is **not** an adjudicated definition: no single statement here has been ruled canonical, and no first-appearance call has been made. Read the claims and judge for yourself.

## Every claim under this term

2 claims across 2 works, 2012 to 2012.

**2012**

- [1998455-020](https://wulfkaal.github.io/claims/1998455-020) [failure/argued] *(failure mode)* -- 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.
  > 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.
  Wulf A. Kaal, Initial Reflections on the Possible Application of Contingent Capital in Corporate Governance (2012). SSRN: https://ssrn.com/abstract=1998455
- [2061166-028](https://wulfkaal.github.io/claims/2061166-028) [failure/argued] *(failure mode)* -- Mandating the issuance of contingent capital does not guarantee that a viable market in contingent capital securities will develop.
  > Mandatory issuance of contingent capital does not guarantee that a viable market in contingent capital securities will develop.
  Christoph K. Henkel, Wulf A. Kaal, Contingent Capital in European Union Bank Restructuring (2012). SSRN: https://ssrn.com/abstract=2061166

## Verify

Every claim above resolves to a record carrying a verbatim source quote, the sha256 of the source PDF, and a preformatted citation. Nothing here asks to be taken on trust.

    curl -s https://wulfkaal.github.io/entities/mandatory-issuance.md | sha256sum

**Canonical form.** This markdown file is the canonical hashed representation of this entity node. Its sha256 is the content hash.