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Liquidity, Systemic Risk, and the Bankruptcy Treatment of Financial Contracts

Mokal, Riz - 2016

Persistent link: https://www.econbiz.de/10013002918

The Rescue of Northern Rock : Nationalization in the Shadow of Insolvency

Tomasic, Roman - 2009

banks in distress or facing insolvency. The Banking (Special Provisions) Act 2008 was hurriedly introduced on 21 February … recourse to ordinary insolvency procedures such as those under the Insolvency Act 1986. The Act gave the Treasury wide powers …

Persistent link: https://www.econbiz.de/10013158720

Conceptualizing the Failure of Financial Institutions and the Role of Risk Management in Averting Failure : The CLS Model

Bezis, Justin N. - 2013

The failure of financial institutions is often depicted as an externally-driven event in which certain triggers almost inevitably lead to the collapse of the firm. In contrast, this paper views institutional failure as a multistage process in which precautionary measures taken by the firm can...

Persistent link: https://www.econbiz.de/10013089043

Restructuring an Insolvent Bank

Cetin, Nusret - 2014

to fail. Failure of a bank may trigger formal insolvency (resolution) proceedings, if there is no available option to … save it as a going concern. Bank insolvency proceedings comprise various mechanisms, instruments, and transactions to … enable resolution authorities to properly deal with a failed bank. Bank restructuring within insolvency proceedings means …

Persistent link: https://www.econbiz.de/10013052778

Home country versus cross-border negative externalities in barge banking organization failures and how to avoid them

Eisenbeis, Robert A. (contributor) - 2006

This paper examines the negative externalities that may occur when a large bank fails, describes the nature of those externalities, and explores whether they may be greater in a case involving a large cross-border banking organization. The analysis suggests that the chief negative externalities...

Persistent link: https://www.econbiz.de/10003730539

The Fall and Rise of Debt : Bank Capital Regulation after the Crisis

Davies, Paul L. - 2015

discharge this role. Because debt absorbs losses only when the company is put into insolvency (bankruptcy) and states were … into equity (bail it in) in advance of insolvency. However, in a second phase of reform bail in debt bids fair to become a …

Persistent link: https://www.econbiz.de/10013014261

Why Prudential Regulation Will Fail to Prevent Financial Crises : A Legal Approach

Prates, Marcelo - 2014

In this paper, I suggest that the regulation of the financial system, especially if the aim is to prevent financial crises, should be focused on dealing with the consequences of the crises, not on trying to avoid their causes, although it may seem counterintuitive at first sight. Contrary to the...

Persistent link: https://www.econbiz.de/10013061343

The Law and Economics of Investing in Bankruptcy in the United States

Ellias, Jared A. - 2020

Claims trading has become a significant and controversial feature of American bankruptcy practice over the past thirty years. This Report chronicles the rise of claims trading in the second decade of the Bankruptcy Reform Act of 1978 and analyzes the various policy concerns it raises. Most...

Persistent link: https://www.econbiz.de/10012836730

International similarities of bank lending practices and varieties of insolvency laws : a comparative analysis of France and Germany

Größl, Ingrid; Levratto, Nadine - 2012

Economic theory conjectures complementarities between the ranking of creditors in formal insolvency proceedings and the … the insolvency law, like culture and history. …

Persistent link: https://www.econbiz.de/10010425216

A dialogue on the costs and benefits of automatic stays for derivatives and repurchase agreements

Duffie, Darrell; Skeel, David - 2012 - Last rev.: March 04, 2012

For nearly two years, the two of us have had a running discussion of the costs and benefits of automatic stays in bankruptcy for qualified financial contracts (QFCs) such as derivatives and repurchase agreements, particularly those held by systemically important major dealer banks. Under current...

Persistent link: https://www.econbiz.de/10009504439

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