Description
Book SynopsisPolitical boundaries are often porous to finance, financial intermediation, and financial distress. Yet they are highly impervious to financial regulation. When inhabitants of a country suffering a deficit of purchasing power are able to access and deploy funds flowing in from a country with a surfeit of such power, the inhabitants of both countries may benefit. They may also benefit when institutions undertaking such cross-border financial intermediation experience economies of scale and are able to innovate and to offer funds and services at lower costs.Inevitably, however, at least some such institutions will sometimes act imprudently, some of the projects in which such funds are deployed may be unwise, and other such projects can suffer from unforeseen circumstances. As a result of such factors, a financial institution may suffer distress in one country, and may then transmit such distress to other countries in which it operates. The efficacy of any response to such cross-border tr
Trade ReviewFinancial Institutions in Distress stands out for its significant contribution, shedding light on existing problems and presenting well-reasoned and flexible solutions. It is a must-read for policymakers, regulators, and everyone interested in regulation, recovery and resolution of financial institutions. * Ilya Kokorin, Assistant Professor, Financial Law Department, Leiden University *
Table of Contents1: Introduction 2: Why the Special Treatment for Financial Institutions 3: The Regulatory Landscape of Supervision and Resolution of Financial Institutions: A Cross-Border Perspective 4: Resolution and Other Crisis Management Tools 5: The Application of the Regulatory Landscape (I) - Consolidated Systems 6: The Application of the Regulatory Landscape (II) - Emerging Models 7: Principles and Theoretical Foundations of an Effective Financial Institution Resolution Regime 8: Institutional Framework 9: A Model Law on Cross-Border Resolution of Financial Institutions 10: Conclusion
