Making failure feasible: how bankruptcy reform can end too big to fail

Contributor(s):

Series: Hoover Institution Press publication ; 662Publication details: Stanford Hoover Press 2015Description: xv, 301 pISBN:

9780817918842

Subject(s):

DDC classification:

346.73078 M2

Summary: In 2012, building off work first published in 2010, the Resolution Project proposed that a new Chapter 14 be added to the Bankruptcy Code, exclusively designed to deal with the reorganization or liquidation of the nation's large financial institutions. In Making Failure Feasible, the contributors expand on their proposal to improve the prospect that our largest financial institutions—particularly with prebankruptcy planning—could be successfully reorganized or liquidated pursuant to the rule of law and, in doing so, both make resolution planning pursuant to Title I of Dodd-Frank more fruitful and make reliance on administrative proceedings pursuant to Title II of Dodd-Frank largely unnecessary. This book highlights the problems of dealing with large financial institutions in distress, and Chapter 14's responses to those twin issues. The contributors first outline the basic features of Chapter 14 and point to their continuation as well as additional features to ensure the quick resolution of large financial institutions that would not depend on government discretion and would mesh with emerging ideas about cross-border resolution. The remaining chapters provide the context for reform and show how Chapter 14, as envisioned in this book, would be a substantial advance on administrative-focused resolution procedures. (https://hooverpress.bookstore.ipgbook.com/making-failure-feasible-products-9780817918842.php)

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Holdings
Item type	Current library	Collection	Call number	Status	Date due	Barcode	Item holds
Book	Ahmedabad	Non-fiction	346.73078 M2 (Browse shelf(Opens below))	Available		192344

Total holds: 0

Table of Contents:

1. The context for bankruptcy resolutions / Kenneth E. Scott
2. Building on bankruptcy : a revised Chapter 14 proposal for the recapitalization, reorganization, or liquidation of large financial institutions / Thomas H. Jackson
3. Financing systemically important financial institutions in bankruptcy / David A Skeel Jr.
4. Resolution of failing central counterparties / Darrell Duffie
5. The consequences of Chapter 14 for international recognition of US bank resolution action / Simon Gleeson
6. A resolvable bank / Thomas F. Huertas
7. The next Lehman bankruptcy / Emily Kapur
8. Revised Chapter 14 2.0 and living will requirements under the Dodd-Frank Act / WIlliam F. Kroener III
9. The cross-border challenge in resolving global systemically important banks / Jacopo Carmassi and Richard Herring.

In 2012, building off work first published in 2010, the Resolution Project proposed that a new Chapter 14 be added to the Bankruptcy Code, exclusively designed to deal with the reorganization or liquidation of the nation's large financial institutions. In Making Failure Feasible, the contributors expand on their proposal to improve the prospect that our largest financial institutions—particularly with prebankruptcy planning—could be successfully reorganized or liquidated pursuant to the rule of law and, in doing so, both make resolution planning pursuant to Title I of Dodd-Frank more fruitful and make reliance on administrative proceedings pursuant to Title II of Dodd-Frank largely unnecessary. This book highlights the problems of dealing with large financial institutions in distress, and Chapter 14's responses to those twin issues. The contributors first outline the basic features of Chapter 14 and point to their continuation as well as additional features to ensure the quick resolution of large financial institutions that would not depend on government discretion and would mesh with emerging ideas about cross-border resolution. The remaining chapters provide the context for reform and show how Chapter 14, as envisioned in this book, would be a substantial advance on administrative-focused resolution procedures.

(https://hooverpress.bookstore.ipgbook.com/making-failure-feasible-products-9780817918842.php)

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