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220118s2019 eu |||||s||||i00||0 eng d |
| 020 |
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|a 978-92-846-3219-0
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| 035 |
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|a 34358
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| 040 |
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|a vLex
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| 090 |
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|c 12848
|d 12848
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| 100 |
1 |
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|a Hellwig, Martin F.
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| 245 |
1 |
0 |
|a Valuation reports in the context of banking resolution
|h [Recurso electrn̤ico] :
|b What are the challenges? /
|c Martin F. Hellwig
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| 256 |
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|a Servicio en ln̕ea
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| 260 |
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|a Bruselas:
|b European Union Publications Office,
|c 2019
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| 300 |
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|a 1 recurso electrn̤ico
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| 500 |
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|a The paper discusses the problem of valuation in bank resolution. In an overview over the most relevant principles of valuation theory, the paper notes the difficulties inherent in valuing risks and illiquidity in holding non-traded assets. Subsequently, the paper briefly reviews the resolution of Banco Popular Espaǫl, and then discusses the need for clarification of the no-investor-worse-off principle, the relation between the price in a sale of business and the presumed outcome in an insolvency procedure, and the difficulties attached to assessing the value of an illiquid asset that is held. The paper concludes with a discussion of the need for time, for valuation and in resolution, warns against a moratorium on withdrawals and payouts, and argues that time pressures would be much reduced if funding in resolution was provided for.
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| 506 |
1 |
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|a Disponible solo en los productos indicados
|d vLex Global
|d vLex Global (Academic Edition, excluding Law Schools)
|d vLex Global (U.S. Academic Edition, Law Schools)
|d vLex Global (U.S. Academic Edition, excluding Law Schools)
|d vLex Global (Academic Edition, Law Schools)
|
| 650 |
0 |
4 |
|a Derecho Comunitario
|z Unin̤ Europea
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| 740 |
0 |
|
|a vLex Libros (Servicio en ln̕ea)
|
| 856 |
4 |
0 |
|u https://app.vlex.com/#/sources/34358
|z Acceso restringido
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| 942 |
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|c BOOK
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| 999 |
0 |
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|a Community Law
|
