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Purpose – On 14 September 2007, after failing to find a “White Knight” to take over its business, Northern Rock bank turned to the Bank of England (the Bank) for a liquidity lifeline. This was duly provided but failed to quell the financial panic, which manifested itself in the first...
Persistent link: https://www.econbiz.de/10004987581
Purpose – On 14 September 2007, after failing to find a “White Knight” to take over its business, Northern Rock bank turned to the Bank of England (the Bank) for a liquidity lifeline. This was duly provided but failed to quell the financial panic, which manifested itself in the first...
Persistent link: https://www.econbiz.de/10014870087
Persistent link: https://www.econbiz.de/10011819652
Purpose – The purpose of this paper is to compare and contrast the corporate governance standards of Cyprus, Russia … governance standards in Cyprus match 92 per cent of the UK standards, Russian standards match 75 per cent, and Kazakhstan ones 63 … per cent. The greatest contrast to the UK standards were for Cyprus in the area of disclosure and transparency category …
Persistent link: https://www.econbiz.de/10014695213
Persistent link: https://www.econbiz.de/10011567570
Why did shareholder liability disappear? We address this question by looking at its use by British insurance companies … from 1830 until its complete disappearance by 1975. We explore three explanations for its demise: (1) regulation and …) shareholders saw an opportunity to expunge something they disliked when insurance companies grew in size. Using hand …
Persistent link: https://www.econbiz.de/10013463745
Persistent link: https://www.econbiz.de/10010366722
Persistent link: https://www.econbiz.de/10011886674
Consumer Credit Act. The paper argues for the regulation of retail banking and financial service provision as a utility … pharmaceutical industry. Originality/value – The global banking crisis led to calls for banks to maintain lending to small- and …, retail banks are utilities and should be regulated as such. …
Persistent link: https://www.econbiz.de/10009395135
Purpose – This paper seeks to analyse reasons behind the difficulties faced by Northern Rock (NR) and the UK financial system and proposes a return to a more traditional/prudent banking business model, based on a sound balance between sources and uses of funds. Design/methodology/approach –...
Persistent link: https://www.econbiz.de/10004987608