The Need for Special Resolution Regimes for Financial Institutions-The Case of the European Union /

The global financial crisis has demonstrated weaknesses in resolution regimes for financial institutions around the globe, including in the European Union (EU). This paper considers the principles underlying resolution regimes for financial institutions, and draws out how a well-designed resolution...

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Bibliografiske detaljer
Hovedforfatter: Cihak, Martin
Andre forfattere: Nier, Erlend
Format: Tidsskrift
Sprog:English
Udgivet: Washington, D.C. : International Monetary Fund, 2009.
Serier:IMF Working Papers; Working Paper ; No. 2009/200
Online adgang:Full text available on IMF
Beskrivelse
Summary:The global financial crisis has demonstrated weaknesses in resolution regimes for financial institutions around the globe, including in the European Union (EU). This paper considers the principles underlying resolution regimes for financial institutions, and draws out how a well-designed resolution regime can expand the toolset available for crisis management. Introducing, or in some cases expanding the scope, of these regimes is pressing to achieve more effective responses to ongoing financial sector weaknesses across the EU.
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Fysisk beskrivelse:1 online resource (29 pages)
Format:Mode of access: Internet
ISSN:1018-5941
Adgang:Electronic access restricted to authorized BRAC University faculty, staff and students