Financial Crisis Management And Bank Resolution

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Financial Crisis Management and Bank Resolution

John Raymond LaBrosse,Rodrigo Olivares-Caminal,Dalvinder Singh
Financial Crisis Management and Bank Resolution Book PDF

Author : John Raymond LaBrosse,Rodrigo Olivares-Caminal,Dalvinder Singh
Publisher : Taylor & Francis
Page : 447 pages
File Size : 50,7 Mb
Release : 2020-11-25
Category : Law
ISBN : 9781000285895

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Financial Crisis Management and Bank Resolution by John Raymond LaBrosse,Rodrigo Olivares-Caminal,Dalvinder Singh Pdf

Financial Crisis Management and Bank Resolution provides an analysis of the responses to the recent crisis that has beset the international financial markets taking a top down approach looking at the mechanisms to manage a financial crisis, to the practicalities of dealing with the resolution of a bank experiencing distress. This work is an interdisciplinary analysis of the law and policy surrounding crisis management and bank resolution. It comprises contributions from a team of leading experts in the field that have been carefully selected from across the globe. These experts are drawn from the law, central banks, government, financial services and academia. This edited collection will provide a new and important contribution to the subject at a crucial time in the debate around banking resolution and crisis management regimes, and help to plug the gap in our knowledge and understanding of the law of bank resolution and restructuring.

Canada

International Monetary Fund. Monetary and Capital Markets Department
Canada Book PDF

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 65 pages
File Size : 55,5 Mb
Release : 2014-03-07
Category : Business & Economics
ISBN : 9781484329849

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Canada by International Monetary Fund. Monetary and Capital Markets Department Pdf

This report underlies Canada’s Financial Sector Assessment Program (FSAP) in the areas of crisis management and blank resolution. The provincial deposit insurance systems (DIS) and resolution frameworks are highly heterogeneous and the FSAP’s analysis suggests that the preparedness to overcome financial stress should be enhanced. The IMF report discusses that the federal legal and institutional arrangements for resolving individual financial institutions are robust. It suggests that clear mandates should be assigned to: (1) monitor systematic risk to facilitate macroprudential oversight; and (2) carry out system wide crisis preparedness.

Canada

International Monetary Fund. Monetary and Capital Markets Department
Canada Book PDF

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 65 pages
File Size : 46,8 Mb
Release : 2014-03-07
Category : Business & Economics
ISBN : 9781484329825

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Canada by International Monetary Fund. Monetary and Capital Markets Department Pdf

This report underlies Canada’s Financial Sector Assessment Program (FSAP) in the areas of crisis management and blank resolution. The provincial deposit insurance systems (DIS) and resolution frameworks are highly heterogeneous and the FSAP’s analysis suggests that the preparedness to overcome financial stress should be enhanced. The IMF report discusses that the federal legal and institutional arrangements for resolving individual financial institutions are robust. It suggests that clear mandates should be assigned to: (1) monitor systematic risk to facilitate macroprudential oversight; and (2) carry out system wide crisis preparedness.

Denmark: Crisis Management, Bank Resolution, and Financial Sector Safety Nets - Technical Note

International Monetary Fund. Monetary and Capital Markets Department
Denmark Crisis Management Bank Resolution and Financial Sector Safety Nets Technical Note Book PDF

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 43 pages
File Size : 48,7 Mb
Release : 2014-12-18
Category : Business & Economics
ISBN : 9781498317870

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Denmark: Crisis Management, Bank Resolution, and Financial Sector Safety Nets - Technical Note by International Monetary Fund. Monetary and Capital Markets Department Pdf

This paper discusses findings and recommendations made in the Financial Sector Assessment Program Update for Denmark in the areas of crisis management, bank resolution, and financial-sector safety nets. The Danish resolution scheme has allowed the authorities to deal with mounting distress while minimizing costs for taxpayers. The scheme has enabled the orderly winding-up of the affected banks by providing for a transfer of all assets, and part of the liabilities, to the Financial Stability Company or third-party acquirers. The authorities are encouraged to further strengthen the resolution framework in line with the Bank Recovery and Resolution Directive and emerging international good practices.

Euro Area Policies

International Monetary Fund. Monetary and Capital Markets Department
Euro Area Policies Book PDF

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 49 pages
File Size : 55,8 Mb
Release : 2018-07-19
Category : Business & Economics
ISBN : 9781484369661

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Euro Area Policies by International Monetary Fund. Monetary and Capital Markets Department Pdf

The euro area (EA) bank resolution and crisis management arrangements have been strengthened considerably over recent years, but work remains to complete and unify the regime. The adoption of the Bank Recovery and Resolution Directive (BRRD) and the Single Resolution Mechanism Regulation (SRMR), and the establishment of the Single Supervisory Mechanism (SSM) and the Single Resolution Mechanism (SRM) provide a foundation to deal with problem banks. The authorities remain committed to completing the banking union through the establishment of a backstop for the Single Resolution Fund (SRF) and a European deposit insurance scheme (EDIS) and other measures, many of which are in line with recommendations in this report.

Research Handbook on Crisis Management in the Banking Sector

Matthias Haentjens,Bob Wessels
Research Handbook on Crisis Management in the Banking Sector Book PDF

Author : Matthias Haentjens,Bob Wessels
Publisher : Edward Elgar Publishing
Page : 624 pages
File Size : 47,9 Mb
Release : 2015-10-30
Category : Business & Economics
ISBN : 9781783474233

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Research Handbook on Crisis Management in the Banking Sector by Matthias Haentjens,Bob Wessels Pdf

In this timely Handbook, over 30 prominent academics, practitioners and regulators from across the globe provide in-depth insights into an area of law that the recent global financial crisis has placed in the spotlight: bank insolvency law. Research Handbook on Crisis Management in the Banking Sector discusses the rules that govern a bank insolvency from the perspectives of the various parties that are affected by these rules. Thus, whilst many bank insolvency rules have been enacted only recently and their application is still clouded by a host of uncertainties, this book takes the perspectives of the relevant authorities, of the bank and of the bank’s counterparties. Providing a comprehensive approach to crisis management in the banking sector, this Handbook will prove a valuable resource for academics, postgraduate students, practitioners and international policymakers.

Czech Republic

International Monetary Fund
Czech Republic Book PDF

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 31 pages
File Size : 54,7 Mb
Release : 2012-07-17
Category : Business & Economics
ISBN : 9781475506198

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Czech Republic by International Monetary Fund Pdf

The Czech financial system is confronted with mounting risks that stem mainly from negative developments in the European Union (EU). This technical note focuses on crisis management and bank resolution framework for the Czech Republic. It summarizes the high-level observations of the mission based on its key findings and recommendations, and analyzes the existing institutional framework and coordination arrangements for crisis management. The note also examines the cross-border dimension of crisis preparedness and crisis management tools.

Bank Resolution and Crisis Management

Simon Gleeson,Randall D. Guynn
Bank Resolution and Crisis Management Book PDF

Author : Simon Gleeson,Randall D. Guynn
Publisher : Oxford University Press, USA
Page : 0 pages
File Size : 50,8 Mb
Release : 2016
Category : Law
ISBN : 0199698015

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Bank Resolution and Crisis Management by Simon Gleeson,Randall D. Guynn Pdf

Introduction -- Bank resolution techniques -- Bank resolution and bank groups -- Total loss absorbing capactiy -- Fundamentals of resolution authority -- Resolution of insured depoditory institutions -- Resolution of non-bank financial companies -- Resolution planning -- Resolution in the European Union -- Direct bail-in in the European Union -- Institutional and cross-border issues -- United Kingdom--General approach -- Powers of the UK resolution authority -- Property transfers and bail-in under the banking act

Italy

International Monetary Fund. Monetary and Capital Markets Department
Italy Book PDF

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 35 pages
File Size : 47,6 Mb
Release : 2013-12-06
Category : Business & Economics
ISBN : 9781475515282

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Italy by International Monetary Fund. Monetary and Capital Markets Department Pdf

This Technical Note elaborates the recommendations made in the Financial Sector Assessment Program (FSAP) for Italy in the areas of contingency planning, crisis management, and bank resolution. The note sets out a brief overview of the impact of the global financial crisis in Italy and how the authorities handled the crisis. It analyzes the institutional framework and domestic and cross-border coordination arrangements. The supervisory approach to intervene with potential problem banks at an early stage is examined. The note also covers crisis management tools, including official financial support measures, the resolution framework, and the deposit guarantee framework.

Russian Federation

International Monetary Fund. European Dept.
Russian Federation Book PDF

Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
Page : 51 pages
File Size : 50,6 Mb
Release : 2016-09-22
Category : Business & Economics
ISBN : 9781475538502

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Russian Federation by International Monetary Fund. European Dept. Pdf

This Technical Note discusses the findings and recommendations made in the Financial Sector Assessment Program for the Russian Federation in the areas of bank resolution and a crisis management framework. The findings reveal that the experiences of past financial crises have strengthened the Russian bank resolution framework. The resolution framework has been effective in preserving financial stability. Since January 2014, 28 banks have been placed in open bank resolution, and three were resolved by purchase and assumption transactions. The effectiveness of bank resolution could be improved. Introduction of the full range of resolution powers and safeguards recommended by the Financial Stability Board Key Attributes would improve the framework’s effectiveness.

Sweden

International Monetary Fund
Sweden Book PDF

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 36 pages
File Size : 51,8 Mb
Release : 2011-09-16
Category : Business & Economics
ISBN : 9781463903589

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Sweden by International Monetary Fund Pdf

This abstract reviews the recommendations made in the FSAP Update for Sweden in the areas of contingency planning, crisis management, and bank resolution. Although Sweden crisis management fared well during the global financial crisis, its authorities are reviewing the framework for managing financial crises to incorporate crisis lessons. They recommend a domestic institutional framework, an effective cross-border cooperation, an emergency liquidity assistance (ELA), a deposit guarantee scheme (DGS), and state support to systematically important financial institutions (SIFIs).

United Kingdom

International Monetary Fund. Monetary and Capital Markets Department
United Kingdom Book PDF

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 45 pages
File Size : 50,7 Mb
Release : 2016-06-17
Category : Business & Economics
ISBN : 9781484393338

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United Kingdom by International Monetary Fund. Monetary and Capital Markets Department Pdf

This paper first describes the architecture for resolution and crisis management. Second, it outlines the resolution policies and operational arrangements currently in place. Third, it discusses the measures taken by the authorities to ensure resolvability. Fourth, it refers to cross-border cooperation issues in resolution. Finally, it describes frameworks for resolution funding and deposit insurance. The U.K. financial safety net is underpinned by strong institutional arrangements. The financial safety net is made up of Her Majesty's Treasury, the Bank of England, the Prudential Regulation Authority, the Financial Conduct Authority, and the Financial Services Compensation Scheme. The authorities are encouraged to continue their efforts to operationalize, test, and refine the crisis preparedness framework, while exploring mechanisms to make it even more robust.

Malta

International Monetary Fund. Monetary and Capital Markets Department
Malta Book PDF

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 40 pages
File Size : 43,7 Mb
Release : 2019-11-21
Category : Business & Economics
ISBN : 9781513520803

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Malta by International Monetary Fund. Monetary and Capital Markets Department Pdf

This technical note analyzes laws, policies, and procedures for bank failure mitigation and resolution, and for preparation and management of a financial crisis in Malta. It addresses the supervision of bank recovery plans, early intervention when problems are identified, resolution planning, resolution funding, and deposit insurance. Implementation of recovery planning requirements for banks remains a work in progress. Written policies and procedures should be adopted on the application of early intervention powers. While legal triggers and power for early intervention in problem banks are adequate, the powers in relevant legislation overlap substantially. Actions are needed to support the use of bank resolution powers, and to address weaknesses in the bank liquidation and insolvency framework. There is lack of clarity regarding the legal regime applicable to bank winding-up and insolvency, including as to the creditor hierarchy in liquidation. Impediments to implementation of the resolution tools are being identified and need to be addressed. Preparations need to be made for using the bridge institution resolution tool.

Belgium

International Monetary Fund. European Dept.
Belgium Book PDF

Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
Page : 37 pages
File Size : 46,6 Mb
Release : 2013-05-24
Category : Business & Economics
ISBN : 9781484349663

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Belgium by International Monetary Fund. European Dept. Pdf

The ability of the National Bank of Belgium (NBB) to provide emergency liquidity assistance to solvent but temporarily illiquid firms is well tested and satisfactory. Belgian authorities are testing draft guidelines for recovery plans through pilot projects with selected firms that are of systemic importance. Introducing recurrent crisis management simulations would allow the authorities to test the coordination arrangements and potential application of the crisis management toolkit. It is commended that the NBB can enhance the framework for orderly and effective resolution.

Australia

International Monetary Fund. Monetary and Capital Markets Department
Australia Book PDF

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 33 pages
File Size : 54,5 Mb
Release : 2019-02-14
Category : Business & Economics
ISBN : 9781484399057

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Australia by International Monetary Fund. Monetary and Capital Markets Department Pdf

This technical note analyzes the existing legal and institutional frameworks in Australia, including coordination arrangements and focuses on crisis preparedness, including recovery and resolution planning as well as the Reserve Bank of Australia’s (RBA) lender-of-last resort functions. The analysis highlights that Australia has a well-established framework for financial stability, surveillance and policy formulation and the resolution regime for financial institutions has been significantly enhanced since the financial crisis. Australian Prudential Regulation Authority (APRA) has made progress in developing recovery planning requirements for the banking industry, extending these from large to medium sized and smaller banks. However, there is a need to better integrate the recovery planning within the risk management framework and operational testing exercises and to significantly enhance APRA’s work on resolution planning, particularly for the largest banks. The paper recommends that the Australian authorities should introduce an ex-ante funded deposit insurance scheme, based on best international practice.