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Direct costs of financial distress |
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Direct costs of financial distressCosts such as fees or penalties incurred as a result of bankruptcy or liquidation proceedings.Direct costs of financial distress Similar MatchesFinancial crisisFinancial crisisA loss of confidence in a country's currency or other financial assets causing international investors to withdraw their funds from the country. Nonfinancial servicesNonfinancial servicesSuch things as freight, insurance, passenger services, and travel. Financial Services AuthorityFinancial Services AuthorityThe replacement regulating body for the Securities and Investments Board (SIB). The FSA, which came into being on 28th October 1997, carries all regulatory responsibilities for the UK financial services industry. The overall broad objectives are:the protection of consumers of financial servicesthe promotion of clean and orderly marketsthe maintenance of confidence in the financial services systemIt is a criminal offence to conduct investment business without authorisation, and the FSA is empowered to prosecute those who break this rule. A Central Register is held which lists firms with authorisation. Chartered Financial Analyst (CFA)Chartered Financial Analyst (CFA)An experienced financial analyst who has passed examinations in economics, financial accounting, portfolio management, security analysis, and standards of conduct given by the institute of Chartered Financial Analysts. Short term financial planShort term financial planA financial plan that covers the coming fiscal year. Further SuggestionsFinancial guarantee insurancefinancial pager Financial market Consolidated financial statement London International Financial Futures and Options Exchange Financial account Society for Worldwide Interbank Financial Telecommunications (SWIFT) financial futures Indirect costs of financial distress Amman Financial Market (AFM) Financial adviser Tokyo International Financial Futures Exchange Financial asset Financial future Financial public relations Financial lease Financial Services Act 1986 Country financial risk Financial planning independent financial adviser Financial intermediary Chief Financial Officer (CFO) Statement of Financial Accounting Standards No 8 financial planner Financial distress costs |
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