In this paper, we empirically estimate the costs of delay in the FDIC's closures of 433 commercial banks between 2007 and 2014 based upon a counterfactual closure regime. We find that the costs of delay could have been as high as $18.5 billion, or 37% of the FDIC's estimated costs of closure of...

This is a guide to the vital information that all Insolvency Practitioners need to make informed decisions on the effective use of CVAs. This edition covers the implementation of relevant provisions of the Companies Act 2006 which come into effect from October 2009