Journal Article
Subordinated debt as bank capital: a proposal for regulatory reform
Abstract: Industry observes have proposed increasing the role of subordinated debt in bank capital requirements as a means to increase market discipline. A recent Federal Reserve System Task Force evaluated the characteristics of such proposals. Here, the authors take the next step and offer a specific sub-debt proposal. They describe how it would operate and what changes it would require in the regulatory framework.
Keywords: Bank capital; Debt; Bank supervision;
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Bibliographic Information
Provider: Federal Reserve Bank of Chicago
Part of Series: Economic Perspectives
Publication Date: 2000
Volume: 25
Issue: Q II
Pages: 40-53