Publication
Oct 2009
There are critical holes in the existing regulatory framework for handling large complex financial institutions that become impaired. Regulators may not have the legal authority to do what is necessary to resolve a distressed institution’s problems, including selling some divisions, closing or liquidating others, renegotiating or abrogating some contracts, and finding parties to manage what is left.
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English (PDF, 11 pages, 93 KB) |
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Author | Squam Lake Working Group on Financial Regulation |
Series | CFR Working Papers |
Publisher | Council on Foreign Relations (CFR) |
Copyright | © 2009 Council on Foreign Relations (CFR) |