Conference on Resolving Insolvent Large and Complex Financial Institutions
April 14–15, 2011
This conference addressed issues related to the resolution of large and complex financial institutions that are insolvent. The conference brought together academics, policymakers, and market participants to discuss the law and practice that are associated with resolving insolvent financial firms, along with recent reforms and potential reforms.
Papers Presented
Resolving Troubled Systemically Important Cross-Border Financial Institutions: Is a New Corporate Organizational Form Required?Christine Cumming and Robert Eisenbeis Presenter: Robert Eisenbeis, Cumberland Associates |
The Challenges of Resolving a Large Complex Financial Institution: Domestic and Cross-BorderRichard Herring Presenter: Richard Herring, University of Pennsylvania
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Systemic Risk and Optimal Regulatory ArchitectureMarco Espinosa-Vega, Charles Kahn, Rafael Almeida da Matta, and Juan Solé Presenter: Rafael Almeida da Matta, University of Illinois
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Resolving Large Complex Financial Institutions: The Case for ReorganizationRobert R. Bliss and George G. Kaufman Presenter: Robert R. Bliss, Wake Forest University
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The Economic Perspective of Bank Bankruptcy LawMatej Marinc and Razan Vlahu Presenter: Matej Marinc, University of Ljubljana, ACLE
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Credible Living Wills: The First GenerationDel Anderson, John L. Douglas, Randall D. Guynn, Chris Mazingo, Annette L. Nazareth, Reena Agrawal Sahni, Margaret E. Tahyar, Hamid Samandari, Greg Wilson Presenters: Chris Mazingo and Hamid Samandari, McKinsey & Company, and Reena Agrawal Sahni and Margaret E. Tahyar, Davis Polk & Wardwell, LLP Paper | (No presentation will be posted.)
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Panel Discussion: Too Big to Fail after DFAMatthew Richardson, New York University Paper (Resolution Authority) | Paper (A Proposal...) | Presentation
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A Theory of Bank Resolution: Technological Change and Political EconomicsRobert DeYoung, Michal Kowalik, and Jack Reidhill Presenter: Robert DeYoung, University of Kansas
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Recapitalization, Credit, and LiquidityMike Mariathasan and Ouarda Merrouche Presenter: Mike Mariathasan, European University Institute Paper and Presentation will not be posted.
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A Lack of ResolutionDavid Zaring Presenter: David Zaring, University of Pennsylvania
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The Chrysler Effect: The Impact of the Chrysler Bailout on Borrowing CostsDeniz Anginer and A. Joseph Warburton Presenter: A. Joseph Warburton, Syracuse University |