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Indirect costs of financial distress |
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Indirect costs of financial distressCosts such as lost business as a result of bankruptcy or liquidation.Indirect costs of financial distress Similar MatchesFinancial 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. Financial strategyFinancial strategyPractices a firm adopts to pursue its financial objectives. Financial leverage clienteleFinancial leverage clienteleA group of investors who have a preference for investing in firms that adhere to a particular financial leverage policy. Financial distressFinancial distressEvents preceding and including bankruptcy, such as violation of loan contracts. Financial price riskFinancial price riskThe chance there will be unexpected changes in a financial price, including currency (foreign exchange) risk, interest rate risk, and commodity price risk. Further SuggestionsDirect costs of financial distressfinancial planning Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA) Financial account Financial assets Dupont system of financial control Financial future Financial press Financial plan Financial adviser Tokyo International Financial Futures Exchange Financial intermediary Financial intermediaries Financial planner Corporate financial planning Consolidated financial statement financial institution Financial instrument Financial Accounting Standards Board (FASB) financial year Percentage financial statement Financial market Society for Worldwide Interbank Financial Telecommunications (SWIFT) Financial institution Perfectly competitive financial markets |
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