Dynamic Regulation Via Contingent Capital

Dynamic Regulation Via Contingent Capital

16 Pages Posted:

Wulf A. Kaal

University of St. Thomas, Minnesota – School of Law

Date Written: April 24, 2017

Abstract

Contingent capital securities are a largely overlooked dynamic regulatory mechanism. This essay evaluates the use of contingent capital securities in a dynamic regulatory context, including the use of feedback effects for optimized timing and information for regulation and anticipatory regulation.

Keywords: Dynamic Regulation, Contingent Capital, CoCos, Feedback Effects, Optimized Information for Regulation, Anticipatory Regulation

JEL Classification: K20, K23, K32, L43, L5, O31, O32

Kaal , Wulf A., Dynamic Regulation Via Contingent Capital (April 24, 2017). Review of Banking and Financial Law, Vol. 36, 2017. Available at SSRN: https://ssrn.com/abstract=

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2957645

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