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This paper focuses on the need for a lex specialis for resolution of insolvent banks and other financial institutions serving similar functions, and on requirements for making resolution procedures effective. After a review of the objectives of general insolvency law and the special...
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Bank bailouts in the aftermath of the collapse of Lehman Brothers and the onset of the Great Recession brought into … governments by comparing national bank rescue schemes in the United States and Europe. Woll starts with a broad overview of bank …, France and Germany, Ireland and Denmark. She finds, however, substantial variation within these pairs. In some cases the …
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The U.K. financial sector is globally systemic, open, and complex. It has weathered the COVID-19 pandemic fittingly, thanks to the post-GFC reforms, a proactive macroprudential stance, and an effective multipronged response to maintain financial stability. Brexit uncertainties are being handled...
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