LaBrosse, Raymond John; Olivares-Caminal, Rodrigo; Singh, Dalvinder --- "Managing Risk in the Financial System" (Edward Elgar Publishing, 2011) [2011] ELECD 478

Editor(s): LaBrosse, Raymond John; Olivares-Caminal, Rodrigo; Singh, Dalvinder

Title: Managing Risk in the Financial System

Topics: Financial Economics and Regulation; Money and Bank; Finance and Banking Law

Publisher: Edward Elgar Publishing

Date of Publication: 30 June 2011

Number of pages: 528

ISBN (hard cover): 9780857933812

EISBN: 9780857933829

Abstract/Description:

Managing Risk in the Financial System makes important and timely contributions to our knowledge and understanding of banking law, financial institution restructuring and related considerations, through the production of an innovative, international and interdisciplinary set of contributions which link together the law and policy issues surrounding systemic risk and crisis management.

The recent financial crisis has exposed both the banking industry and financial system safety-net players in many countries to a considerable level of distress as well as economic and reputational damage. These circumstances have heightened the need for policymakers to consider remedial measures under a broad umbrella that encompasses inter alia prompt corrective actions, early closure of distressed entities, deposit insurance, bail-outs, state-aid, bank resolution and restructuring techniques. These essays provide an important contribution to research in this area, at a crucial time in the debate around the future financial industry.

This unique and detailed volume should be of considerable interest to students of law, economics and finance, law practitioners and policymakers in central banks and ministries of finance. Law, business and finance faculties will benefit from having this book in their collections, as will deposit protection agencies and regulatory agencies.