Background:

The current financial crisis originated as a result of the US sub-prime mortgage market and has exposed both the banking industry and financial system safety net players (central banks and regulators) in many countries to considerable level of distress and economic and reputational damage. The research into bank distress generally highlights several key factors for their problems: mismanagement and illiquidity or deterioration of capital. As a consequence, questions of a legal and political nature arise if an ill thought out bank resolution system is in place prior to a financial crisis hitting, with the respective stakeholders namely, shareholders, management, creditors, central banks, deposit insurance agencies, regulators and governments clambering to protect their interests causing untold costs and reputational damage to the banking system.

These circumstances have heightened the need for policymakers to consider corrective policy options under the broad umbrella of bank resolution and restructuring techniques. The issue of bank resolution is at the forefront of current proposals in a number of countries to deal with the problems recently faced, just to mention a few (1) the bail-outs of Northern Rock plc., Bear & Sterns, Bradford & Bingley, AIG, Hypo Real Estate Bank, Roskilde, RBS; (2) the mergers of Bank of America-MLPF&S and Lloyd’s-HBOS; and the collapse of Lehman and several SIVs. Notwithstanding this, the US financial crisis has brought to the fore the need for a possible new special resolution regime for financial conglomerates so authorities can effectively deal with investment banks for instance that may experience financial distress.

This Symposium will provide a new and important contribution to research in this area, at a crucial time in the debate around banking resolution and crisis management regimes. This scholarship will go some way to plug the gap in our knowledge and understanding of the law of bank resolution and restructuring, through the production of an innovative, international and interdisciplinary collection of work which links both the law and policy surrounding crisis management, and bank resolution and restructuring.

Organizers: John Raymond LaBrosse (Honorary Visiting Fellow, University of Warwick), Dr. Rodrigo Olivares-Caminal (University of Warwick) and Dr. Dalvinder Singh (University of Warwick)

Sponsored by:

Symposium information

Conference sessions will be at the Maths Building (no. 35 on the campus map).
For comprehensive information on how to get to the campus see Warwick Conferences' getting here pages.

Cost (non-residential):

Corporate Fee: £350
Academic Fee: £150
Student Fee: £75

On-campus accommodation (payable separately) may be reserved on the booking form if available.

 

 

 

Powepoint Presentations

Speaker Biographies

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Symposium Event Programme - Updated 14th April