The Treatment of TBTF Financial Institutions in the Last Crisis

George von Furstenberg

Chapter 4 in Contingent Convertibles [CoCos]:A Potent Instrument for Financial Reform, 2014, pp 49-58 from World Scientific Publishing Co. Pte. Ltd.

Abstract: When Systemically Important Financial Institutions [SIFIs], then called Too Big to Fail [TBTF], get into trouble as they periodically do, there are a number of ways to deal with them. Several of these approaches to problem resolution have been applied during the financial crisis of 2007–2009 with varying degrees of success to SIFIs and lesser institutions in the United States. Among the past resolutions scrutinized for clues to improved practices are those of the Investment Banks Bear Stearns, Lehman Brothers, and Merrill Lynch, and Savings Bank and S&L Association Holding Companies principally engaged in mortgage banking, Countrywide, Wachovia, and Washington Mutual.

Keywords: Contingent Convertibles; CoCos; Financial Reform; Financial Crisis; Risk Management; Bank Capital; Financial Services; Fixed-Income Securities; Basel III (search for similar items in EconPapers)
Date: 2014
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