It is now two years since liquidity started to dry up on the world's financial markets in the summer of 2007 and the problems facing the world's financial system became public knowledge. Since then the financial crisis, which has been spreading globally, has become a matter of international concern. It is clear that although the crisis is continuing there is an urgent need for a widening and deepening of the international debate about where we are now, how we got there and where we ought to be going. This e-book of the Journal of Financial Regulation and Compliance entitled Protecting Bank Depositors and Other Stakeholders: The Crisis and Beyond addresses these issues and contains a wide range of contributions from experts from different subject areas and different countries. It is concerned with many aspects of the crisis and examines what has actually been happening and the responses. It seeks to go further by looking beyond the crisis to consider what needs to be done once there is a return to more normal financial conditions. While much of the focus is on the protection of bank depositors other matters such as bankruptcy reorganisation procedures, effective prudential supervision , cross-border aspects, the introduction of deposit insurance in a transitional economy, the roles of Fannie Mae & Freddie Mac and questions regarding the international financial sector safety net are also addressed.
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