Publications

The stability of the global financial system is a major issue, and its ups and downs can affect the real economy and, consequently, businesses and individuals. At the heart of the post-2008 crisis surveillance architecture is a unique institution, the Financial Stability Board (FSB). Although less well known to the...

At the heart of global financial stability, the Basel Committee is a key body, albeit one that is often misunderstood by the general public. Born of a desire for international cooperation in the face of crises, its influence on banking practices is considerable. It is one of the pillars of the international financial institutions that work...

At the heart of the global financial ecosystem are players whose influence is as decisive as their name is unknown to the general public. The Bank for International Settlements (BIS) is one such entity. Often overshadowed by the International Monetary Fund or the World Bank, it is nonetheless a key player in the...

The World Bank is an institution whose name is familiar, but whose workings and real impact are often misunderstood. A central player among the international financial institutions, it plays a decisive role in financing development and ensuring global economic stability. Its action, which goes far beyond...

The International Monetary Fund, or IMF, is a familiar name, often associated with major global economic crises. Yet its precise role and real influence on national economies, and by extension on businesses, are often poorly understood. As a central player among the world's financial institutions, the...

Globalisation has transformed the financial sector into a complex and interdependent worldwide network. Faced with daily transactions that exceed the gross domestic product of large nations, purely state supervision is showing its limits. A local financial failure can quickly trigger a global shockwave, as the...

The lure of historically low interest rates has often led borrowers, whether local authorities, healthcare institutions or entrepreneurs, to turn to financing solutions presented as more advantageous. Structured loans, often referred to as "toxic" loans, have proved to be formidable arrangements. Built on...

Banking and securities law, Bank liability

Borrowing to finance a rental property investment, often as part of a tax exemption scheme, is a common asset management strategy. These operations, which are presented as advantageous, are based on a delicate financial balance: the rental income and tax benefits are supposed to cover the repayments on the loan....

Banking and securities law, Bank liability

Financial packages combining a bank loan with a life insurance policy are common investment solutions, often presented as advantageous asset transactions. This type of arrangement, in which a loan, often a bullet loan, is used to finance a life insurance investment pledged to the bank, is based on the hope that the...

Banking and securities law, Ducroire

The bank del credere, a guarantee mechanism that is often misunderstood, nevertheless represents a powerful legal tool for securing commercial transactions. It is a form of undertaking by which a credit institution guarantees payment of a claim to its beneficiary, usually a seller, in the event of default by the debtor. This guarantee,...