Bankers Fear Over-Regulation

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The ABI Guide to Cross-border Insolvency in the United States

This Guide is a must-read for any practitioner involved in international insolvency issues. The authors address the history of the UNCITRAL Model Law on Cross-border Insolvency, which the United Nations Commission on International Trade Law adopted in 1997 after five years of meetings and discussion. Thirteen states have now adopted this law, which includes the United States' adoption of chapter 15 as part of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. For those involved in the evolving new world of chapter 15 law, this publication provides the necessary overview to understanding the law in practice. Softbound, 92 pages. Order your copy from ABI, today!

European Union Regulation on Insolvency Proceedings: An Introductory Analysis, Second Edition

Updated to reflect the recent modifications to the EU Insolvency Regulation, this book is a primer that covers jurisdictional issues, "winding-up" procedures such as the appointment of a liquidator, recognition of judgments, creditors' rights and other provisions. Written by Prof. Bob Wessels of Vrije University in Amsterdam, this book is an invaluable resource for professionals who find themselves increasingly involved in cross-border insolvency cases. Softbound, 170 pages.
Order your copy from ABI, today!

Bankers Fear Over-Regulation

Submitted by editor on Wed, 11/18/2009 - 10:48

European bankers on Tuesday warned that excessive regulation in response to the global financial crisis would endanger growth in the real economy, although some international officials insisted tougher rules and an end to taxpayer-funded bank bail-outs remained essential for recovery, the Financial Times reported. Stephen Green, chairman of HSBC, Europe’s biggest bank, said there was a “real danger” that doctrinaire policy and demands that banks hold more capital could have perverse effects on the economy and society. “Cumulative enhancement of capital ratios at the wrong stage of the economic cycle could easily withdraw credit from the economy and cause a new credit crunch,” he told a conference in London. “This is turn would interrupt and delay a fragile economic recovery.” Emilio Botín, chairman of Spain’s Santander, the biggest bank in the eurozone by market capitalisation, defended the role of large international banks and warned that “indiscriminate tightening” of rules would be counterproductive. Read more. (Subscription required.)

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