Public and regulatory law: The good Bad Bank Act
Work has started after the German Federal Cabinet passed its draft of the Bad Bank Act. The intention is to relieve the banks from toxic assets in nine steps, but the next monster is already lurking: the consolidation bank.
With the draft of the Bad Bank Act the German Government is taking creative steps to relieve the banks of their toxic assets and stabilise the German economy. Klaus Grossmann and Jacqui Hatfield compare the German solution with the UK’s own asset protection scheme
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