Failed Financial Companies: Analyses & Proposals for More Orderly & Effective Bankruptcies

The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd- Frank Act) mandates that GAO report on an ongoing basis on ways to make the Code more effective in resolving certain failed financial companies. This book examines advantages and disadvantages of certain proposals, such as proposals to change the role of financial regulators in the bankruptcy process, affecting funding of financial company bankruptcies, and to change the safe-harbour treatment of QFCs. Furthermore, this book provides information on the complex financial institutions and international co-ordination challenges of bankruptcy. See more