TITLE

Market abuse, Northern Rock and bank rescues

AUTHOR(S)
Haynes, Andrew
PUB. DATE
September 2009
SOURCE
Journal of Banking Regulation;Sep2009, Vol. 10 Issue 4, p321
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article analyses the impact of the market abuse laws on the events surrounding support operations for banks and financial services firms. The specific context for the article is the events surrounding the failure of Northern Rock. Problems arise because this area of law was not drafted with the events arising in financial support operations in mind. Consequently, a number of issues can occur that are a major problem for the directors of such an institution. This article goes on to examine the relevant legal problems and their impact, and also proposes a solution.
ACCESSION #
44115045

 

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