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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 …
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framework for the functional analysis of bank insolvency regimes and, against this background, analyses a package of reforms …
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The collapse of Lehman in mid September 2008 was a momentous event. Yet whether Lehman really had to fail is an issue that has not received the kind of scrutiny it deserves. The reason for that seems to be the public statement made by then Treasury Secretary Paulson and then Fed Chairman...
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