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has attracted wide-spread attention in both academic and regulatory circles world-wide. This concept is but one emanation … creditors against the fallout from the insolvency of foreign institutions both ex ante and ex post. Against this background, the …
Persistent link: https://www.econbiz.de/10013031200
This article reviews the origin and spread of the distressed debt problem in the transition region. We argue that while the crisis was triggered abroad, the current high level of distressed debt in various transition countries mainly reflects home-grown vulnerabilities. As in the West, the root...
Persistent link: https://www.econbiz.de/10013115309
provide for a uniform standard of provisions relating to cross border insolvency. It also describes the concept of bankruptcy …, insofar as it applies to corporations, and traces the history of previous attempts made to standardise insolvency laws across … the world. Finally, the paper describes the Indian scenario and the lessons that may be learned from the UNCITRAL Model …
Persistent link: https://www.econbiz.de/10013082882
Persistent link: https://www.econbiz.de/10013023742
This paper distils three lessons for bank regulation from the experience of the 2009-12 euro-area financial crisis. First, it highlights the key role that sovereign debt exposures of banks have played in the feedback loop between bank and fiscal distress, and inquires how the regulation of...
Persistent link: https://www.econbiz.de/10010424982
This paper examines the implications that alternative regulatory structures may have for resolving failed banking institutions. We place our emphasis on the European Union (EU), which is both economically and financially large and has several features relating to cross-border banking in the form...
Persistent link: https://www.econbiz.de/10003730481
provides a new perspective on the common belief that public support in the context of systemic bank insolvency – i.e. bank …
Persistent link: https://www.econbiz.de/10012826832
This is a chapter for a forthcoming volume Oxford Handbook of Financial Regulation (Oxford University Press 2014) (eds. Eilís Ferran, Niamh Moloney, and Jennifer Payne). It provides an overview of EU financial regulation from the first banking directive up until its most recent developments in...
Persistent link: https://www.econbiz.de/10013006258
://ssrn.com/abstract=3607930), the world seemed to be on the brink of collapse. Reflecting the positive developments over the past year, this …
Persistent link: https://www.econbiz.de/10013219020
financing arrangements, all aimed at maintaining the integrity of the insolvency process …
Persistent link: https://www.econbiz.de/10012955392