COMPANY RESTRUCTURING BY LENDERS: HOW TO OVERCOME THE IMPASSE? The paper analyses economic and le... more COMPANY RESTRUCTURING BY LENDERS: HOW TO OVERCOME THE IMPASSE? The paper analyses economic and legal possibilities for out of court reorganization of viable Slovenian companies which found themselves over indebted in the current crisis mostly due to failed LBO attempts and non-core speculative investments. Recommendations are given for more efficient cooperation of creditor banks and for setting up more appropriate institutional framework for out of court corporate reorganizations. To motivate banks for active management of NPLs it is necessary to finally start implementing consistently and decisively the proposed bank rehabilitation program in Slovenia.
BANK DELEVERAGING IN EU AND SLOVENIA The purpose of this paper is to analyze the possibilities fo... more BANK DELEVERAGING IN EU AND SLOVENIA The purpose of this paper is to analyze the possibilities for "good" deleveraging of banking and corporate sector in Slovenia. Many banks that are dependent on wholesale funding are facing strategic decision to change their business plans. Quintessential ingredient of these changes is de-leveraging and less dependence on unstable financing due to uncertainties which arise from time to time in financial markets. The process of deleveraging can be implemented either through recapitalisation or retrenchment of assets. The latter can contribute to contraction of credits to non-financial sectors and ensuing contraction of economic activity. The negative feedback loop thus feeds back through the worsening economic activity on banks' balance sheets. The Slovenian enterprise sector is among most dependent on bank financing; therefore, the process of deleveraging is likely to have negative consequences on supply of credit to the economy. Due...
The article compares new legal framework for bank rehabilitation and enterprise restructuring in ... more The article compares new legal framework for bank rehabilitation and enterprise restructuring in Slovenia with solutions that have been used in more advanced legal systems and with those that are currently forming on the EU-level, based on experiences with the current financial crisis. Measures are proposed for better coordination between bank rehabilitation and enterprise restructuring in Slovenia and for at least partial immediate implementation of absolute priority rule, obligatory recapitalization, forced conversion (bail-ins) and going concern transactions.
COMPANY RESTRUCTURING BY LENDERS: HOW TO OVERCOME THE IMPASSE? The paper analyses economic and le... more COMPANY RESTRUCTURING BY LENDERS: HOW TO OVERCOME THE IMPASSE? The paper analyses economic and legal possibilities for out of court reorganization of viable Slovenian companies which found themselves over indebted in the current crisis mostly due to failed LBO attempts and non-core speculative investments. Recommendations are given for more efficient cooperation of creditor banks and for setting up more appropriate institutional framework for out of court corporate reorganizations. To motivate banks for active management of NPLs it is necessary to finally start implementing consistently and decisively the proposed bank rehabilitation program in Slovenia.
BANK DELEVERAGING IN EU AND SLOVENIA The purpose of this paper is to analyze the possibilities fo... more BANK DELEVERAGING IN EU AND SLOVENIA The purpose of this paper is to analyze the possibilities for "good" deleveraging of banking and corporate sector in Slovenia. Many banks that are dependent on wholesale funding are facing strategic decision to change their business plans. Quintessential ingredient of these changes is de-leveraging and less dependence on unstable financing due to uncertainties which arise from time to time in financial markets. The process of deleveraging can be implemented either through recapitalisation or retrenchment of assets. The latter can contribute to contraction of credits to non-financial sectors and ensuing contraction of economic activity. The negative feedback loop thus feeds back through the worsening economic activity on banks' balance sheets. The Slovenian enterprise sector is among most dependent on bank financing; therefore, the process of deleveraging is likely to have negative consequences on supply of credit to the economy. Due...
The article compares new legal framework for bank rehabilitation and enterprise restructuring in ... more The article compares new legal framework for bank rehabilitation and enterprise restructuring in Slovenia with solutions that have been used in more advanced legal systems and with those that are currently forming on the EU-level, based on experiences with the current financial crisis. Measures are proposed for better coordination between bank rehabilitation and enterprise restructuring in Slovenia and for at least partial immediate implementation of absolute priority rule, obligatory recapitalization, forced conversion (bail-ins) and going concern transactions.
COMPANY RESTRUCTURING BY LENDERS: HOW TO OVERCOME THE IMPASSE? The paper analyses economic and le... more COMPANY RESTRUCTURING BY LENDERS: HOW TO OVERCOME THE IMPASSE? The paper analyses economic and legal possibilities for out of court reorganization of viable Slovenian companies which found themselves over indebted in the current crisis mostly due to failed LBO attempts and non-core speculative investments. Recommendations are given for more efficient cooperation of creditor banks and for setting up more appropriate institutional framework for out of court corporate reorganizations. To motivate banks for active management of NPLs it is necessary to finally start implementing consistently and decisively the proposed bank rehabilitation program in Slovenia.
BANK DELEVERAGING IN EU AND SLOVENIA The purpose of this paper is to analyze the possibilities fo... more BANK DELEVERAGING IN EU AND SLOVENIA The purpose of this paper is to analyze the possibilities for "good" deleveraging of banking and corporate sector in Slovenia. Many banks that are dependent on wholesale funding are facing strategic decision to change their business plans. Quintessential ingredient of these changes is de-leveraging and less dependence on unstable financing due to uncertainties which arise from time to time in financial markets. The process of deleveraging can be implemented either through recapitalisation or retrenchment of assets. The latter can contribute to contraction of credits to non-financial sectors and ensuing contraction of economic activity. The negative feedback loop thus feeds back through the worsening economic activity on banks' balance sheets. The Slovenian enterprise sector is among most dependent on bank financing; therefore, the process of deleveraging is likely to have negative consequences on supply of credit to the economy. Due...
The article compares new legal framework for bank rehabilitation and enterprise restructuring in ... more The article compares new legal framework for bank rehabilitation and enterprise restructuring in Slovenia with solutions that have been used in more advanced legal systems and with those that are currently forming on the EU-level, based on experiences with the current financial crisis. Measures are proposed for better coordination between bank rehabilitation and enterprise restructuring in Slovenia and for at least partial immediate implementation of absolute priority rule, obligatory recapitalization, forced conversion (bail-ins) and going concern transactions.
COMPANY RESTRUCTURING BY LENDERS: HOW TO OVERCOME THE IMPASSE? The paper analyses economic and le... more COMPANY RESTRUCTURING BY LENDERS: HOW TO OVERCOME THE IMPASSE? The paper analyses economic and legal possibilities for out of court reorganization of viable Slovenian companies which found themselves over indebted in the current crisis mostly due to failed LBO attempts and non-core speculative investments. Recommendations are given for more efficient cooperation of creditor banks and for setting up more appropriate institutional framework for out of court corporate reorganizations. To motivate banks for active management of NPLs it is necessary to finally start implementing consistently and decisively the proposed bank rehabilitation program in Slovenia.
BANK DELEVERAGING IN EU AND SLOVENIA The purpose of this paper is to analyze the possibilities fo... more BANK DELEVERAGING IN EU AND SLOVENIA The purpose of this paper is to analyze the possibilities for "good" deleveraging of banking and corporate sector in Slovenia. Many banks that are dependent on wholesale funding are facing strategic decision to change their business plans. Quintessential ingredient of these changes is de-leveraging and less dependence on unstable financing due to uncertainties which arise from time to time in financial markets. The process of deleveraging can be implemented either through recapitalisation or retrenchment of assets. The latter can contribute to contraction of credits to non-financial sectors and ensuing contraction of economic activity. The negative feedback loop thus feeds back through the worsening economic activity on banks' balance sheets. The Slovenian enterprise sector is among most dependent on bank financing; therefore, the process of deleveraging is likely to have negative consequences on supply of credit to the economy. Due...
The article compares new legal framework for bank rehabilitation and enterprise restructuring in ... more The article compares new legal framework for bank rehabilitation and enterprise restructuring in Slovenia with solutions that have been used in more advanced legal systems and with those that are currently forming on the EU-level, based on experiences with the current financial crisis. Measures are proposed for better coordination between bank rehabilitation and enterprise restructuring in Slovenia and for at least partial immediate implementation of absolute priority rule, obligatory recapitalization, forced conversion (bail-ins) and going concern transactions.
COMPANY RESTRUCTURING BY LENDERS: HOW TO OVERCOME THE IMPASSE? The paper analyses economic and le... more COMPANY RESTRUCTURING BY LENDERS: HOW TO OVERCOME THE IMPASSE? The paper analyses economic and legal possibilities for out of court reorganization of viable Slovenian companies which found themselves over indebted in the current crisis mostly due to failed LBO attempts and non-core speculative investments. Recommendations are given for more efficient cooperation of creditor banks and for setting up more appropriate institutional framework for out of court corporate reorganizations. To motivate banks for active management of NPLs it is necessary to finally start implementing consistently and decisively the proposed bank rehabilitation program in Slovenia.
BANK DELEVERAGING IN EU AND SLOVENIA The purpose of this paper is to analyze the possibilities fo... more BANK DELEVERAGING IN EU AND SLOVENIA The purpose of this paper is to analyze the possibilities for "good" deleveraging of banking and corporate sector in Slovenia. Many banks that are dependent on wholesale funding are facing strategic decision to change their business plans. Quintessential ingredient of these changes is de-leveraging and less dependence on unstable financing due to uncertainties which arise from time to time in financial markets. The process of deleveraging can be implemented either through recapitalisation or retrenchment of assets. The latter can contribute to contraction of credits to non-financial sectors and ensuing contraction of economic activity. The negative feedback loop thus feeds back through the worsening economic activity on banks' balance sheets. The Slovenian enterprise sector is among most dependent on bank financing; therefore, the process of deleveraging is likely to have negative consequences on supply of credit to the economy. Due...
The article compares new legal framework for bank rehabilitation and enterprise restructuring in ... more The article compares new legal framework for bank rehabilitation and enterprise restructuring in Slovenia with solutions that have been used in more advanced legal systems and with those that are currently forming on the EU-level, based on experiences with the current financial crisis. Measures are proposed for better coordination between bank rehabilitation and enterprise restructuring in Slovenia and for at least partial immediate implementation of absolute priority rule, obligatory recapitalization, forced conversion (bail-ins) and going concern transactions.
COMPANY RESTRUCTURING BY LENDERS: HOW TO OVERCOME THE IMPASSE? The paper analyses economic and le... more COMPANY RESTRUCTURING BY LENDERS: HOW TO OVERCOME THE IMPASSE? The paper analyses economic and legal possibilities for out of court reorganization of viable Slovenian companies which found themselves over indebted in the current crisis mostly due to failed LBO attempts and non-core speculative investments. Recommendations are given for more efficient cooperation of creditor banks and for setting up more appropriate institutional framework for out of court corporate reorganizations. To motivate banks for active management of NPLs it is necessary to finally start implementing consistently and decisively the proposed bank rehabilitation program in Slovenia.
BANK DELEVERAGING IN EU AND SLOVENIA The purpose of this paper is to analyze the possibilities fo... more BANK DELEVERAGING IN EU AND SLOVENIA The purpose of this paper is to analyze the possibilities for "good" deleveraging of banking and corporate sector in Slovenia. Many banks that are dependent on wholesale funding are facing strategic decision to change their business plans. Quintessential ingredient of these changes is de-leveraging and less dependence on unstable financing due to uncertainties which arise from time to time in financial markets. The process of deleveraging can be implemented either through recapitalisation or retrenchment of assets. The latter can contribute to contraction of credits to non-financial sectors and ensuing contraction of economic activity. The negative feedback loop thus feeds back through the worsening economic activity on banks' balance sheets. The Slovenian enterprise sector is among most dependent on bank financing; therefore, the process of deleveraging is likely to have negative consequences on supply of credit to the economy. Due...
The article compares new legal framework for bank rehabilitation and enterprise restructuring in ... more The article compares new legal framework for bank rehabilitation and enterprise restructuring in Slovenia with solutions that have been used in more advanced legal systems and with those that are currently forming on the EU-level, based on experiences with the current financial crisis. Measures are proposed for better coordination between bank rehabilitation and enterprise restructuring in Slovenia and for at least partial immediate implementation of absolute priority rule, obligatory recapitalization, forced conversion (bail-ins) and going concern transactions.
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Papers by Marko Simoneti