imported>Doug Williamson |
imported>Doug Williamson |
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| 1. ''Decision making.''
| | A desire to hold money to allow an individual or firm to take advantage of potential investments which offer a higher rate of return. |
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| A formal decision of a body such as a board of directors, recorded in writing. | |
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| 2. <i>Bank resolution</i>.
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| The special process of resolving the problem of the actual or threatened insolvency of financial firms.
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| The speed with which value destruction occurs in a failing financial firm means that normal corporate insolvency processes and liquidation are inappropriate for such firms.
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| As in normal insolvency, losses will be expected for some creditors.
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| Resolution is the orderly failure of a firm, under the control of the resolution authority.
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| Contrast with ‘[[recovery]]’ in which a financial firm facing difficulties is returned to acceptable financial health without imposing losses on the distressed firm's creditors.
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| 3. <i>Non-financial firms</i>.
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| Similar processes for resolving the problem of actual or threatened insolvency of a non-financial firm.
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| <span style="color:#4B0082">'''''Reverse takeover'''''</span>
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| :"I joined Gala Coral Group, which was a high-leveraged private equity (PE) business.
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| :This was my first group treasurer position supporting the resolution of a defaulted propco structure, the disposal of the Gala Bingo business and PE exit scenarios, including the eventual reverse takeover of Ladbrokes."
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| :''Adam Richford FCA FCT, Group Treasurer, Renewi, The Treasurer, August 2018, p17.''
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| == See also == | | == See also == |
| * [[Bailin]] | | * [[Liquidity preference]] |
| * [[Board resolution]]
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| * [[Contagion]]
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| * [[Default]]
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| * [[Directive]]
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| * [[Exit]]
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| * [[Financial stability]]
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| * [[Insolvency]]
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| * [[Key Attributes]]
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| * [[Leverage]]
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| * [[Liquidation and Payout]]
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| * [[OLA]]
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| * [[Private equity]]
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| * [[Purchase and Assumption]]
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| * [[Recovery]]
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| * [[Resolution Authority]]
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| * [[Resolution plan]]
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| * [[Resolution weekend]]
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| * [[Reverse takeover]]
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| === Other links ===
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| [https://www.bankofengland.co.uk/financial-stability/resolution The Bank of England's approach to resolution]
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| [[Category:Corporate_financial_management]]
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| [[Category:Compliance_and_audit]]
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