Difference between revisions of "London Approach"

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1. http://www.bba.org.uk/policy/article/london-approach/fx-and-money-markets-policy/
 
1. http://www.bba.org.uk/policy/article/london-approach/fx-and-money-markets-policy/
  
2. http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/qb940208.pdf
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2. [[Media:The London Approach distressed debt trading qb940208.PDF]]
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[[Category:Accounting,_tax_and_regulation]]
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[[Category:The_business_context]]

Latest revision as of 17:58, 1 July 2022

A non-statutory, informal framework introduced with the support of the Bank of England in 1970 for dealing with financially distressed companies.

The London Approach covers temporary support operations mounted by banks and other lenders for a company or group in financial difficulties, pending its possible restructuring.


Applicable only to firms which are financially distressed but which could have a viable future.


See also


References

1. http://www.bba.org.uk/policy/article/london-approach/fx-and-money-markets-policy/

2. Media:The London Approach distressed debt trading qb940208.PDF