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to fail. Failure of a bank may trigger formal insolvency (resolution) proceedings, if there is no available option to …, regulation and supervision cannot achieve zero failure regimes. Banks fail like any other commercial entities, and will continue … save it as a going concern. Bank insolvency proceedings comprise various mechanisms, instruments, and transactions to …
Persistent link: https://www.econbiz.de/10013052778
A market can have a lemon's problem when one party to the transaction has far superior information to the other and defects are not obvious. The classic bad car, the "lemon" led to the name for this theory. A lemon's market is inefficient. Both consumers and reputable sellers of high quality...
Persistent link: https://www.econbiz.de/10013148984
This paper analyzes the bail-in tool under the Bank Recovery and Resolution Directive (BRRD) and predicts that it will not reach its policy objective. To make this argument, this paper first describes the policy rationale that calls for mandatory private sector involvement (PSI). From this...
Persistent link: https://www.econbiz.de/10011720764
This paper analyses the bail-in tool under the BRRD and predicts that it will not reach its policy objective. To make this argument, this paper first describes the policy rationale that calls for mandatory private sector involvement (PSI). From this analysis the key features for an effective...
Persistent link: https://www.econbiz.de/10011711663
This paper is a follow up study commissioned by the UK Insolvency Practices Council which builds on our earlier study … of complaints handling and disciplinary systems in the UK insolvency practitioner profession: see http …://ssrn.com/abstract=1094757. For this study we compared the complaints handling and disciplinary systems of the UK insolvency practitioner …
Persistent link: https://www.econbiz.de/10014212390
Establishing (e.g., perfecting) and enforcing a lien presents technical pitfalls and practical problems with which practitioners and courts are often unfamiliar or uncomfortable. After all, the law of liens requires an understanding of many different areas of the law, including the law of...
Persistent link: https://www.econbiz.de/10014345327
Persistent link: https://www.econbiz.de/10012512298
Bankruptcy is the legal process whereby financially distressed firms, individuals, and occasionally governments resolve their debts. The bankruptcy process for firms plays a central role in economics, because competition drives inefficient firms out of business, thereby raising the average...
Persistent link: https://www.econbiz.de/10014023496
The paper analyses options in case of insolvency. Although insolvency plans empirically are very successful, they are …
Persistent link: https://www.econbiz.de/10010300002
An evaluation problem exists when winding up executory contracts in case of insolvency. The trustee has difficulties in …Bei der Abwicklung schwebender Verträge in der Insolvenz gibt es ein Bewertungsproblem. Der Insolvenzverwalter hat bei …
Persistent link: https://www.econbiz.de/10010526693