Beyond bankruptcy: resolution as a ...

5 pages - 183.8 KB
By sl schwarcz · 2018 · cited by 15 — 189 christine caulfield, gm gets ok to tap $33.3b in dip financing, law 360 (june 25,. 2009), https://www.law360.com/articles/108332/gm-gets-ok- ...
Document in text mode:
\\jciprod01\productn\N\NDL\94-2\NDL205.txtunknownSeq: 117-DEC-1814:22BEYOND BANKRUPTCY: RESOLUTION AS AMACROPRUDENTIAL REGULATORY TOOLSteven L. Schwarcz*Postcrisis efforts to extend bankruptcy-resolution techniques to protect the stability of thefinancial system have been insufficient, in part because regulators have been conflating bank-ruptcy’s traditional goals of resolving troubled firms individually with the need to resolve criticalelements of the financial system to ensure its continued operation as a “system.” This requiresresolving troubled firms collectively, as well as resolving securities-trading markets and the infra-structure that serves to facilitate that trading. The Article examines how to design that regula-tion, differentiating three approaches: reactive regulation, which comprises variations ontraditional bankruptcy; proactive regulation, which consists of preplanned enhancements thatare designed to strengthen or facilitate the resolvability of financial system eleme...
Relevant files:
Unhappy ags have options in latest purdue ch. 11 plan
Us bankruptcy court-district of delaware confirmed telephonic ...
Service issues in bankruptcy materials
Beyond bankruptcy: resolution as a macroprudential regulatory tool1
Bankruptcy reorganization plan strategies: debt reinstatement and ...
United states bankruptcy court southern district ...