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The Lehman Brothers Bankruptcy E : The Effect on Lehman's U.S. Broker-Dealer

Wiggins, Rosalind - 2015

Lehman's U.S. broker-dealer, Lehman Brothers Inc. (LBI), was excluded from the parent company's bankruptcy filing on September 15, 2008, because it was thought that the solvent subsidiary might be able to wind down its affairs in a normal fashion. However, the force of the parent's demise proved...

Persistent link: https://www.econbiz.de/10013025062

The Lehman Brothers Bankruptcy D : The Role of Ernst & Young

Wiggins, Rosalind - 2015

For many years prior to its demise, Lehman Brothers employed Ernst & Young (EY) as the firm's independent auditors to review its financial statements and express an opinion as to whether they fairly represented the company's financial position. EY was supposed to try to detect fraud, determine...

Persistent link: https://www.econbiz.de/10013025063

The Lehman Brothers Bankruptcy B : Risk Limits and Stress Tests

Wiggins, Rosalind - 2015

Investment banks are in the business of taking calculated risks. Risk management infrastructure facilitates the safe pursuit of profits and the balancing of associated risks. By 2006, Lehman Brothers was thought to have a very respectable risk management system, and even its regulator, the...

Persistent link: https://www.econbiz.de/10013025064

The Lehman Brothers Bankruptcy A : Overview

Wiggins, Rosalind - 2015

On September 15, 2008, Lehman Brothers Holdings, Inc., the fourth-largest U.S. investment bank, sought Chapter 11 …

Persistent link: https://www.econbiz.de/10013025066

Depositors' Priority Over Senior Unsecured Bondholders : A Clog in the Bank Resolution Process?

Udoye, Benedict - 2015

The European Bank Recovery and Resolution Directive (BRRD) requires Members States to grant retail depositors priority … over senior unsecured bondholders in the allocation of losses in bank resolution or the satisfaction of claims in the event … objectives of bank resolution contained in Article 31 (2) BRRD …

Persistent link: https://www.econbiz.de/10013028823

Investor Protection in Lehman Brothers’ Insolvency Litigation

Lee, Emily - 2015

the light of the firm's insolvency. This article uses the recent UK Supreme Court (Supreme Court) ruling in In the matter … of Lehman Brothers International (Europe) (In Administration) and In the matter of the Insolvency Act 1986 [2012] UKSC 6 … client money in the event of a firm's insolvency …

Persistent link: https://www.econbiz.de/10013029819

Implementing Symmetric Treatment of Financial Contracts in Bankruptcy and Bank Resolution

Janger, Edward J. - 2016

these safe harbors make it almost impossible for a non-bank financial firm, or other firm with significant derivative … harbor protection may exercise early termination rights, demand payment, and offset obligations. The effect mimics a bank run … the orderly transfer of a failed bank's derivative portfolio intact to a solvent bank. This approach has been used for …

Persistent link: https://www.econbiz.de/10012982680

Cross-Border Resolution of Financial Institutions : Perspectives from International Insolvency Law

Guo, Shuai - 2018

international insolvency law perspective. A modified universalism approach is chosen, taken into account the balance of conflict of … in the international insolvency law, so that foreign subsidiaries can be subject to the home main resolution proceeding …

Persistent link: https://www.econbiz.de/10012910923

Conceptualising Upcoming Chinese Bank Insolvency Law : Cross‐Border Issues

Guo, Shuai - 2019

‐to‐be revised Chinese bank insolvency legislation, that is, the Bank Resolution Regulation. The general framework is regulated in …This paper examines the cross‐border effectiveness of bank resolution measures in the context of current and soon … the Chinese Enterprise Bankruptcy Law. With regard to the outgoing effects of Chinese bank resolution measures, the …

Persistent link: https://www.econbiz.de/10012890713

Tools Used to Prevent Bank Failures During the Great Depression and the Great Recession : Similarities in Preventing Illiquidity and Insolvency

Muthiayen, Arnav - 2021

illiquidity and insolvency. One reason is that in both periods guarantees were created and used to protect bank customers … the Great Depression. However, the tools used to prevent bank failures were more similar than different in preventing … through preferred stock to prevent insolvency …

Persistent link: https://www.econbiz.de/10013218489