London Approach: Difference between revisions
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== See also == | == See also == | ||
* [[Insolvency]] | * [[Insolvency]] | ||
== References == | == References == | ||
Revision as of 14:01, 29 May 2013
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. http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/qb940208.pdf
