Financial Regulation in Crisis?: The Role of Law and the Failure of Northern Rock - Rilegato

 
9781848445543: Financial Regulation in Crisis?: The Role of Law and the Failure of Northern Rock

Sinossi

The depositor run on the Northern Rock bank in September 2007, which led to the bank’s subsequent nationalisation was the first run on a UK bank for nearly 150 years and was a seminal moment in the unfolding global financial crisis.This book provides a detailed legal analysis of the role played by financial law and regulation during this event, and the impact the episode made on the law. The contributors to the book explore and elaborate upon the legal technique of securitisation, and how Northern Rock itself created and employed securitised financial assets. There is also in-depth discussion and analysis of the origin of the problems experienced in the wholesale interbank markets surrounding the Northern Rock crisis. Chapters focus on risk-based financial regulation, depositor protection, and bank rescue and resolution mechanisms in the UK before and after the Northern Rock crisis. State aid implications of the nationalisation of Northern Rock and the future of financial regulation are also considered.This timely new book will appeal to academics, postgraduate and undergraduate students in law and business schools as well as practitioners, regulators and lawmakers.

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Informazioni sugli autori

Edited by Joanna Gray, Birmingham Law School, University of Birmingham and Orkun Akseli, Senior Lecturer in Commercial Law, Durham University Law School, UK

Edited by Joanna Gray, Birmingham Law School, University of Birmingham and Orkun Akseli, The University of Manchester, UK

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