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Contingent Capital in European Union Bank RestructuringChristoph HenkelMississippi College - School of Law Wulf A. KaalUniversity of St. Thomas, Minnesota - School of Law 2012 Northwestern Journal of International Law & Business, Vol. 32, p. 191, 2012 U of St. Thomas Legal Studies Research Paper No. 12-16 Mississippi College School of Law Research Paper No. 2013-02 Abstract: The uncoordinated reorganization and resolution of Systemically Important Financial Institutions in different countries pose many challenges. Contingent capital provides a viable alternative for the efficient restructuring and resolution of failing financial institutions. Contingent Capital provides a mechanism for internalizing banks’ failure costs and helps return distressed financial institutions to solvency. This article offers a comparative perspective on bank resolution and restructuring in the European Union, Switzerland, the United Kingdom and Germany and shows that Contingent Capital could play a substantial role in bank restructuring.
Number of Pages in PDF File: 73 Keywords: contingent capital, financial institutions, banking, bank restructuring, corporate finance, corporate governance Accepted Paper SeriesDate posted: May 16, 2012 ; Last revised: March 18, 2013Suggested CitationContact Information
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