Aligning Market Discipline and Financial Stability: A More Gradual Shift from Contingent Convertible Capital to Bail-in Measures

Freedom of Contract and Financial Stability–Introductory Remarks

“…A closer look may show that cautious contractual arrangements with resulting gradualism of the loss- 48 For details, cf. Biljanovska (2016), at pp. 119-120. absorption mechanism will be better able to reconcile the conflicting goals.…”