Category Archives: Financial Institution Failures

Principal Reflections

Patrick Daigle, who has previously commented on the Principal Group failure, as discussed via dissertation, commented further, as follows: A bit of humour. Principal’s closure was the first time my Mum ever made a political stand. My mum’s loss was … Continue reading

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Track Direction

Came across some overhead notes used in an Accounting Theory class, 2007. Some of the points made, in relation to the role of the accounting standard setter, plus relating to regulatory behaviours generally: • Standard setters and those affected by … Continue reading

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Optimum

From an email message forwarding the article: This is an example of why you want to focus on getting a publication or two out of your LL.M. Thesis in the next six months or so. This is the first publication … Continue reading

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Confidence

Beginning to make more sense now. Why investors initially complained that International Financial Reporting Standards were causing banks to recognize losses too quickly and then, after this was changed, complained that International Financial Reporting Standards caused banks to recognize losses … Continue reading

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Perception

From the dissertation, Chapter 8, “The Pathologies of Regulatory Inaction: Institutional Dimensions” When you don’t have a buyer who can borrow, you don’t have a price. Testimony of John Lytle, former vice-president, Continental Illinois Bank, in l982 U.S. House of … Continue reading

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Another Take: Canadian Bank Mergers, Rescues, Failures

Discovered Marie Hélène Noiseux doctoral thesis, 2002. Some similar lines to dissertation, in terms of regulation and impression management. See pages 131 to 159. Also similar lines to dissertation, in terms of no apparent publications from the thesis. Still…

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markalossmark

Some rough understanding or recollection. So U.S. banks objected to writedowns based on mark-to-market accounting, and were accorded some flexibility in that regard by the Financial Accounting Standards Board. Then European banks objected to similar provisions established by the International … Continue reading

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