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First Solution: a safety-first plan backfires

Ballard, Roger

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Abstract

The document contains a commentary on the wider issues of responsibility raised by the collapse of First Solution Money Transfer. This was a UK based private limited company which provided a money transfer service, providing expatriates the facilities to transfer money back to their family in Bangladesh. In June 2007, the company went into liquidation owing nearly 2 million pounds to the public, the majority of whom were from the Sylhet region of Bangladesh.

Document type: Article
Date: 2007
Date Deposited: 17. February 2009
Faculties / Institutes: Organisations / Associations / Foundations > Centre for Applied South Asian Studies (CASAS)
DDC-classification: Economics
Controlled Subjects: Großbritannien, Bangladesch, Zahlungsverkehr
Uncontrolled Keywords: Geldtransfer , Insolvenz, Great Britain , Bangladesh , Money Transaction , Insolvency
Subject (classification): Geography and Country Studies
Politics
Countries/Regions: Bangladesh
Series: CASAS Online Papers: Migration, Remittances and Economic Development
Volume: 1

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