Search results for "Solvency"
showing 10 items of 110 documents
Cooperative Finance and Cooperative Identity
2012
The question addressed in this paper is whether the financial structure of cooperatives constitutes a badge of identity that differentiates cooperatives from other corporate legal forms such as capital-based companies.To this end, it examines features of their financial structure that are considered typical of cooperatives in a number of documents published by international organizations: the International Co-operative Alliance's Statement on the Co-operative Identity (ICA, Manchester, 1995); the International Labour Organization's R193 Promotion of Cooperatives Recommendation (ILO, 2002); Council Regulation (EC) No. 1435/2003 of 22 July 2003 on the Statute for a European Cooperative Societ…
Network-Based Computational Techniques to Determine the Risk Drivers of Bank Failures During a Systemic Banking Crisis
2018
This paper employs a computational model of solvency and liquidity contagion assessing the vulnerability of banks to systemic risk. We find that the main risk drivers relate to the financial connections a bank has and the market concentration, apart from the size of the bank triggering the contagion, while balance sheets play only a minor role. We also find that market concentration might facilitate banks to withstand liquidity shocks better while exposing them to larger solvency chocks. Our results are validated through an out-of-sample forecasting that shows that both type I and type II prediction errors are reduced if we include network characteristics in our prediction model.
Subordinated debt in banking: a regulatory perspective
2018
The banking industry during the 1980s was characterised by the rapid spread of products and services innovations. A vast growth in this area belongs to subordinated debt. Among the instruments created for the banks' need of self-financing, subordinated debts are identified as a particular category: people who are granted a subordinated debt mainly assume the risk of the issuer's insolvency accepting to place themselves in an intermediate position between the owners and all the other creditors. Purpose of this study is to analyse the framework of this particular class of debt. Subordinated debts tend to be the first shock absorber able to incorporate the losses and tend to be very volatile w…
Opportunities and Challenges in Overcoming the Economic Crisis
2013
Abstract This paper presents the main fundamental concepts concerning the methods of economic analysis: necessity of economic analysis, information system, types of economic analysis, methodologies used for the economic analysis of company, study of the factor which explain the results of the economic analysis of company, stage of the practical analysis. However in relation to conditions of economic crisis. In the same context is presented and analyzed the dictum of Nouriel Roubini, who said: “Stop austerity in the crisis!”. So, this paper analyzes “austerity vs crisis”,“insolvency - good or bad?” and “Sustainable Development” too.
Disciplina italiana dell’allerta e Direttiva Insolvency: un’agenda per il legislatore
2021
Riflessioni critiche e sistematiche sull'attualità, le prospettive e le criticità dell'allerta nella cornice unionale tracciata dalla Direttiva Insolvency
Disciplina italiana dell’allerta e Direttiva Insolvency: un’agenda per il legislatore
2021
La disciplina dell’allerta, la cui entrata in vigore è stata recentemente (e ulteriormente) posticipata dal decreto-legge 24 agosto 2021, n. 118, è forse l’elemento del Codice della crisi su cui più si discute tra i commentatori e gli operatori della crisi d’impresa. I sistemi di early warning, peraltro, sono raccomandati a livello comunitario e rappresentano uno dei pilastri della Direttiva 20 giugno 2019, n. 2019/1023/UE (c.d. Direttiva Insolvency). Lo scritto contiene riflessioni critiche e sistematiche sull’attualità, le prospettive e le criticità dell’allerta tra legislazione nazionale e normativa europea
Comments on Art. 35
2022
This comment deals with Art. 35 of Regulation (EU) 2015/848 and, more specifically, with the law which is applicable to secondary insolvency proceedings.
L’arbitrabilità delle azioni revocatorie e di inefficacia nella prospettiva del Codice della Crisi
2020
Tra i compiti del curatore vi è quello di ricostruire il patrimonio del debitore, al fine di garantire la par condicio creditorum. A questo scopo il curatore può proporre azioni dirette a far dichiarare la inefficacia degli atti compiuti dal debitore. Si tratta di azioni con presupposti ed effetti tra loro diversi; una azione è diretta a far dichiarare la inefficacia ex lege atti compiuti dal debitore; le altre sono lazione revocatoria ordinaria e l’azione revocatoria fallimentare. Per altro verso, il curatore potrebbe essere convenuto in azioni revocatorie dirette a fare dichiarare inefficaci atti di cui ha beneficiato il debitore prima del fallimento o la stessa curatela. In tutte queste …
Consumer arrangement under the bankruptcy law act in Poland
2019
the arrangement in consumer bankruptcy is an alternative solution to the liquidation of the bankruptcy estate and establishing a repayment plan. The consumer arrangement in bankruptcy proceedings can be contained in different formats. The regulation of the arrangement in consumer bankruptcy is based on Article 49122 and 49123 of Bankruptcy Law Act and a storied reference to the provisions on the arrangement in bankruptcy proceedings (Article 266a of Bankruptcy Law Act) and on the arrangement under the Restructuring Law. The legislator proposed one more way of debt relief by entering into an arrangement at a meeting of creditors. This solution provides that the debtor, with the help of a pro…
Azioni revocatorie e arbitrato
2020
Lo scritto studia il rapporto tra azione revocatoria ed arbitrato. Il curatore ha il compito di ricostruire il patrimonio del debitore, al fine di garantire la par condicio creditorum. A questo scopo il curatore può proporre azioni dirette a far dichiarare la inefficacia degli atti compiuti dal debitore. Si tratta di azioni con presupposti ed effetti tra loro diversi; una azione è diretta a far dichiarare la inefficacia ex lege atti compiuti dal debitore; le altre sono l’azione revocatoria ordinaria e l’azione revocatoria fallimentare. Per altro verso, il curatore potrebbe essere convenuto in azioni revocatorie dirette a fare dichiarare inefficaci atti di cui ha beneficiato il debitore prim…