
The eBooks we sell are sold as a single-user licence and are intended for the end user only.
The sale of some eBooks are restricted to certain countries. To alert you to such restrictions, please select the country of the billing address of your credit or debit card you wish to use for payment.
For further information see https://www.wildy.com/ebook-formats
Once the order is confirmed an e-mail will be sent to you to allow you to download the eBook. For UK purchases this will be automatic. For purchases outside the UK a member of staff will need to confirm the sale. (Staff are available to do this during normal business hours, Mon-Fri 8:30-17:00 UK time)
All eBooks are supplied firm sale and cannot be returned. If you believe there is a fault with your eBook then contact us on ebooks@wildy.com and we will help in resolving the issue. This does not affect your statutory rights.
Due to a technical issue some ebooks are not available to order.
Political boundaries are often porous to finance, financial intermediation, and financial distress. Yet they are highly impervious to financial regulation. When inhabitants of a country suffering a deficit of purchasing power can access funds flowing in from a country with a surfeit of such power, both countries may benefit. Inevitably, however, at least some such institutions will sometimes act imprudently, some deployment of funds may be unwise. As a result, a financial institution may suffer distress in one country and transmit such financial distress to other countries in which it operates. This situation creates a conundrum for policymakers and regulators who wish to enable those subject to their jurisdiction to access the benefits of cross-border financial intermediation, yet cannot make rules and regulations that would have effect outside that jurisdiction.
Financial Institutions in Distress explores this conundrum and offers a response. The book opens by examining existing hard and soft laws and regulations, a large body of empirical data collected from regulators from both the Global North and South, which leads to the development of a normative methodology. This is developed in the advocation for the creation of a model law that would address the full range of financial institutions, which would enable relevant authorities to cooperate with counterparts in advance of the onset of distress. This would also apply to measures taken by counterpart authorities in other jurisdictions in which the distressed institution also operates.