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In this Article, I argue that there are significant gaps in the federal system for resolving financial distress in a financial firm even after passage of the Dodd-Frank bill. These gaps represent potential sources of systemic risk—that is, risk to the financial system as a whole. They must be fixed. But I should make clear at the outset that I do not argue that these gaps must be filled with the Bankruptcy Code. Rather, the point is that the various systems for resolving financial distress among financial firms must be integrated so that the result of financial distress is clear and predictable. Integrating all under the Bankruptcy Code is an option, but not the only way to achieve such clarity. The first Part of this Article sketches the several existing systems for resolving financial distress in financial firms, including the new resolution authority created by the Dodd-Frank Act. By my count, there are at least six systems at work here, not counting state-by-state variations. Part II examines the coverage of these systems and the uncertainty created by the interaction of the same. For example, under current law, a large hedge fund might be "resolved" under chapter 11 of the Bankruptcy Code, or it might not be. The decision rests with the systemic risk counsel. Therefore, the fund's counterparties will be unable to determine ahead of time which set of rules is incorporated into their contracts with the hedge fund. Undoubtedly, both will be priced with a further discount for the uncertainty. That is unlikely to be the optimal solution. Part III of the Article then considers the ways in which the divide between finance and bankruptcy could be narrowed, if not eliminated. Ultimately, I doubt the plausibility of solving these issues with some grand solution like drafting a unified bankruptcy law. The political realities involved in getting a major piece of legislation through Congress are so daunting nowadays that it is something of a wonder that even Dodd-Frank, with all its limitations, passed. A unified system ...

Recession is one of the challenges to financial institutions. Economic growth is the causality and many firms disappear. Capital is lost and management skills are questioned. Efforts are always visible to the wisdom of management but how these efforts turn to be futile it is mystery. Man is competent each time from failure but the economy struggles always. Many governments disappear and there is political instability. There are several management and political decisions which are contributing to institutional failures. Reasons are many including natural calamities. It directly affects financial institutions. Financial institutions should survive or perish. Mechanism has to be reinvented suitably.

New Issues in Financial Institutions Management presents a contemporary insight into key trends impacting on global financial institutions post crisis and highlights areas of major policy and academic interest. The book is divided into four topical themes that span: management, innovation and technology in banking; efficiency and productivity; consolidation; and corporate governance issues. It aims to highlight the key issues being faced by the financial sector today and is drawn from the European Association of University Teachers of Banking and Finance Conference (otherwise known as the Wolpertinger Conference) held at the University of Rome III, Italy in September 2009.

This study investigates the whistleblowing environment in Indonesian financial institutions from Indonesian employees perspective. Using primary data extracted from questionnaires this study to address two issues: investigate and explore the factor that encourages and discourages Indonesian employees to whistleblower in the Indonesian financial industry; and investigate and explore the Indonesian financial companys environment that affects whistleblowing activity. Results were consistent with previous research by Martens and Kelleher (2004), Curtis (2006), Hwang, Staley, Chen and Lan (2008), Dandekar (1991) and Worth (2013) in their relative domains. The Indonesian employees and financial institutions are less influenced by confusion culture (guanxi) which provides some variations in findings from prior research. Generally in Indonesia Financial Institutions there is a positive sign towards whistleblowing activity, where companies create a positive environment to support the activity although more could be done by government to regulate and enforce compliance to encourage trust in protecting employees when whistleblowing.