Reshaping British Banking: Putting Competition First

Publications

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!

Reshaping British Banking: Putting Competition First

Submitted by editor on Tue, 11/03/2009 - 10:26

Now that the crisis has abated, fostering a competitive banking market is becoming more significant again, though mainly because of the intervention of Neelie Kroes, the European Union’s competition commissioner, The Economist reported. Last week she forced ING, a rescued Dutch bank, to split its banking and insurance operations. She also imposed restrictions on lending and deposit-taking at Northern Rock, a nationalised mortgage lender which the British government is splitting into a “good” bank, to be privatised, and a “bad” part, to be wound down. Announcements on Tuesday November 3rd from Royal Bank of Scotland (RBS) and the merged Lloyds Banking Group set out divergent paths for the two biggest banks that the British government had to rescue. But at the commissioner’s insistence both must pay a price, through disposing of some of their businesses, in return for their state aid. More than 900 bank branches are to be put on the market over the next four years and some well-known insurance firms will also be sold. Read more.

Publications

Reshaping British Banking: Putting Competition First

Search Entire Site