Download or read book The Bank Recovery and Resolution Directive written by Patrick S. Kenadjian and published by Walter de Gruyter. This book was released on 2013-07-31 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: The volume is a collection of articles based on presentations given at a conference titled “The Crisis Management Directive – Europe’s Answer for Too Big to Fail?” hosted by the Institute for Law and Finance on May 3, 2012.
Download or read book Bank Recovery and Resolution written by Sven Schelo and published by Kluwer Law International B.V.. This book was released on 2020-10-14 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bank Recovery and Resolution Second Edition Sven Schelo Since 2008, enormous efforts have been made worldwide to draft rules to prevent a reoccurrence of the devastating financial events of that year. In the process, bank business has been laid open to intense public and government scrutiny, and regulation of banking has grown to spectacular proportions. Prominent among the measures taken is the EU Bank Recovery and Resolution Directive (BRRD), which, together with the Single Resolution Mechanism (SRM) and the Single Resolution Fund, constitutes a crucial new pillar in the European Banking Union. Practitioners searching for orientation in what can readily be perceived as a ‘jungle’ have an urgent need for a clear and systematic description and analysis of these new rules, which are sure to have a massive impact on bank business from this time on, not only in Europe but also wherever European business is to be found. The solidly grounded analysis in this important book sets the new rules under BRRD into their full context as cross-border phenomena. With its crystal-clear explanation of key provisions, procedures, and ‘triggers’, the book organises a highly complex legal system into patterns and action plans that can be applied in virtually any eventuality likely to arise in cases where bank business is of central significance. Among the topics covered are the following: – entities covered by BRRD; – exceptions under BRRD; – objective and scope of BRRD tools – bail-in, bridge bank, sale of business, asset separation; – asset quality reviews; – curing or mitigating the continuing problem of non-performing loans; – new rules as response to lack of private solutions; – banks’ requirement to provide a minimum amount of eligible liabilities; – safety buffers to protect resolution; – need to be ‘resolvable’ in a worst case; – leverage and liquidity ratios; – forced mergers; – market spillover effects of recovery planning; – group recovery planning; – effects of foreign law contracts and assets; – write-down of capital instruments; and – special problems of cross-border restructuring. The presentation is enhanced by a comparative dimension, which includes reference to United States and other national developments and a full-scale analysis of Switzerland’s regulatory response to the crisis. Given that a full seamless global system of bank recovery and resolution has not yet been found, and that major banks are global players headquartered in different jurisdictions and even different continents, this book will greatly assist in the work of practitioners who must deal with cases involving international banking under the prevailing status quo. Its usefulness to officials and academics in international banking and finance law and policy, who are working towards a global solution, is of incalculable value.
Download or read book The Bank Recovery and Resolution Directive written by Patrick S. Kenadjian and published by Walter de Gruyter. This book was released on 2013-07-31 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: The volume is a collection of articles based on presentations given at a conference titled The Crisis Management Directive Europe s Answer for Too Big to Fail? hosted by the Institute for Law and Finance on May 3, 2012."
Download or read book The Impact of the Bank Recovery and Resolution Directive s BRRD Bail in Tool on Covered Bonds written by Verónica Pollaková and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Bank Resolution written by Jens-Hinrich Binder and published by Oxford University Press, USA. This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Responding to lessons learned during the global financial crisis, the EU Directive on the Recovery and Resolution of Banks and Securities Firms (the BRRD) has substantially changed the legal framework for insolvency management of financial services institutions across Europe. As the legislative process has been completed with the adoption of the BRRD, and of Regulation No 806/2014 establishing the Single Resolution Mechanism, this book offers a unique insight into the new European framework for the resolution of banks in distress. The chapters in this volume take stock of what has been achieved and present an insightful analysis of both the technical framework and its impact on banking institutions and their counterparties in representative forms of banking activities, including retail and wholesale depositors, counterparties to financial directives, and the providers of relevant parts of the market infrastructure. Special attention is given to the international coordination of resolution. The book's focus is on resolution and its impact on the relationships between banks, customers, other market participants and market infrastructure, including the preventative requirements on recovery and resolution planning under the BRRD. The chapters bring together a wide range of perspectives by scholars, practitioners from regulatory authorities and other parts of the financial safety net, as well as from private practice, from many jurisdictions, and both legal and economic backgrounds. Arranged broadly in line with the structure of the BRRD, the book is a highly useful reference for practitioners, policy-makers, and academics alike.
Download or read book The Bank Recovery and Resolution Directive and the Single Resolution Mechanism written by NACIIL and published by . This book was released on 2017-03-23 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: The new European rules on bank insolvency seek to prevent future government-funded bailouts. Instead, risks should be internalized by the participants. The rules in the Bank Recovery and Resolution Directive and also the Single Resolution Mechanism seek to mimic the outcome of a normal insolvency procedures, without actually letting a failing institution enter full insolvency procedures. The rules enacted are of critical importance to a healthier and more stable financial sector. This book presents three reports in which the new rules are explained and criticized where needed. Professor Joossen discusses the bail-in mechanisms, while Nuijten analyses the legal protection offered to stakeholders against intervention under the Single Resolution Mechanism - or the lack thereof. Finally, Clancy considers the potential use of the new resolution tools in the context of counterparties, in particular repo and derivative counterparties to a financial institution.
Download or read book Cross Border Bank Resolution Recent Developments written by International Monetary Fund and published by International Monetary Fund. This book was released on 2014-02-06 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: Developing an effective framework for cross-border resolution is a key priority in international regulatory reform. Large bank failures during the global financial crisis brought home the lack of adequate tools for resolving “too-big-to-fail” institutions. In cross-border cases, misaligned incentives and lack of robust mechanisms for resolution and cross-border cooperation left some country authorities with little choice but to take unilateral actions, which contributed to the high fiscal costs of the crisis and resulted in disorderly resolution in some cases
Download or read book The Single Resolution Mechanism written by Robby Houben and published by . This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book takes stock after a year of application of the SRM and examines the situation from various perspectives: the perspective of the SRB, the NRA, the supervised bank and judicial protection. Special attention is given to the division of power between the RB and the NRA and the impact on the supervised bank, the relationship and links between the SRM and the SSM and the query whether the right balance between national and supranational powers has been struck, also in view of the principle of subsidiarity.
Download or read book Resolution of Banking Crises written by Mr.Luc Laeven and published by International Monetary Fund. This book was released on 2010-06-01 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a new database of systemic banking crises for the period 1970-2009. While there are many commonalities between recent and past crises, both in terms of underlying causes and policy responses, there are some important differences in terms of the scale and scope of interventions. Direct fiscal costs to support the financial sector were smaller this time as a consequence of swift policy action and significant indirect support from expansionary monetary and fiscal policy, the widespread use of guarantees on liabilities, and direct purchases of assets. While these policies have reduced the real impact of the current crisis, they have increased the burden of public debt and the size of government contingent liabilities, raising concerns about fiscal sustainability in some countries.
Download or read book Bank Recovery and Resolution written by Matthias Haentjens and published by . This book was released on 2014 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Banks have fallen insolvent since they have come into existence. The ritual act of breaking a banker's table or banca, behind which he conducted his business, used to signify this banker's insolvency. In our times, it is different. Which laws should be enforced in the bank's insolvency, is the subject of many international initiatives including those of FSB, BIS, IMF, UNCITRAL and the EU (in the form of the Bank Recovery and Resolution Directive). These initiatives are discussed both territorially and thematically.
Download or read book Bank Resolution and Crisis Management written by Simon Gleeson and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive and practical guide to the new resolution regimes and strategies for resolving banks, including coverage of the UK, European, U.S. and international frameworks. Providing expert analysis of the new resolution regimes and strategies, it explains the impact on banking and investment practice and transactions.
Download or read book The Regulation and Supervision of Banks written by Chen Chen Hu and published by Routledge. This book was released on 2018-04-17 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past two decades, the banking industry has expanded and consolidated at a stunningly unprecedented speed. In this time banks have also moved from focusing purely on commercial banking activities to being heavily involved in market-based and transaction-oriented wholesale and investment banking activities. By carrying out an all-encompassing set of activities, banks have become large, complex, interconnected, and inclined to levels of risk-taking not previously seen. With the onset of the 2008 global financial crisis it became apparent that there was an issue of institutions being too big to fail. This book analyses the too-big-to-fail problem of banks in the EU. It approaches the topic from an interdisciplinary perspective using behavioural finance as a tool to examine the occurrence of the global financial crisis and the emergence of the structural problem in large banking institutions. The book draws a comparison between the EU, the US and the UK and the relevant rules to assess the effectiveness of various approaches to regulation in a global context. Chen Chen Hu goes on to use behavioural analyses to provide new insights in evaluating the current structural reform rules in the EU Proposal on Bank Structural Regulation and the newly adopted bank recovery and resolution regime in the EU Bank Recovery and Resolution Directive and the Single Resolution Mechanism (SRM) in the Single Resolution Regulation.
Download or read book Resolution and Insolvency of Banks and Financial Institutions written by Michael Schillig and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The book discusses the legal mechanisms available in the EU and the United States to deal with banks and other financial institutions that are in financial distress. It analyses the impact of the Bank Recovery and Resolution Directive looking at implementation in the UK and Germany, and uses US law as a comparative reference point.
Download or read book The Cyprus Bail in written by Alexander Michaelides and published by World Scientific. This book was released on 2016-02-29 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: ' On June 28th 2012, the small island of Cyprus became the fifth government to request an economic bail-out from the Eurozone after losing access to international capital markets. Less than a year later, a €10 billion second rescue deal was agreed upon — an unprecedented agreement that bailed in creditors of Cyprus'' two largest banks, and triggered an economic crisis that the nation still struggles to recover from today. This resourceful collection of essays provides a thorough and in depth analysis of how Cyprus reached the point of failure and what lessons this experience holds for future economic crises. The various perspectives collectively address unanswered questions, including whether the bail-in can be considered successful, why the recession was less severe than expected, and what conclusions can be drawn about stress-testing exercises across borders. Focusing on one of the (proportionately) largest crises in financial history, the case study will prove essential to policy-makers and politicians, especially in the euro area. Contents:Cyprus in Crisis: What Happened in Cyprus?:Cyprus in the Eurozone (Michalis Sarris)Self-Fulfilling Prophecies in the Cyprus Crisis: ELA, PIMCO, and Delays (Stavros A Zenios)Handling of the Laiki Bank ELA and the Cyprus Bail-In Package (Costas Xiouros)Cyprus: From Boom to Bail-In (Alexander Michaelides)What Happened in Cyprus? The Economic Consequences of the Last Communist Government in Europe (Athanasios Orphanides)Overcoming a Crisis:The Cyprus Crisis: Lessons, Challenges, Opportunities (Sofronis Clerides)Overcoming the Crisis in Cyprus (Gikas A Hardouvelis)Making the Best of It: Lessons from Ireland''s Experience in an EU/IMF Programme (Alan Ahearne)The Future of the Euro Area:Large versus Small States in the Eurozone, The Democratic Deficit, and Future Architecture (Yannis M Ioannides)The European North-South Divide: Dealing with the Poor Relative (Michael Haliassos)The Future Monetary Architecture in the Eurozone (Lorenzo Bini Smaghi) Readership: Policy-makers, especially within the Euro-Area, politicians contemplating entry into a currency union (future members of the Euro-Area) or politicians contemplating separation from a unified state while maintaining a currency union. Key Features:No competing titles in the marketContains analyses and lessons learnt from the bail-inKeywords:Cyprus Crisis;Bail-in;Stress Tests;Sovereign Debt Crisis;Banking Crisis;Euro;Emergency Liquidity Assistance'
Download or read book A Banking Union for the Euro Area written by Rishi Goyal and published by International Monetary Fund. This book was released on 2013-02-12 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: The SDN elaborates the case for, and the design of, a banking union for the euro area. It discusses the benefits and costs of a banking union, presents a steady state view of the banking union, elaborates difficult transition issues, and briefly discusses broader EU issues. As such, it assesses current plans and provides advice. It is accompanied by three background technical notes that analyze in depth the various elements of the banking union: a single supervisory framework; a single resolution and common safety net; and urgent issues related to repair of weak banks in Europe.
Download or read book Research Handbook on Cross Border Bank Resolution written by Matthias Haentjens and published by Edward Elgar Publishing. This book was released on 2019 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since 2008, many countries across the globe have witnessed the introduction of new recovery and resolution regimes for banks. Whereas much may have been achieved on regional levels, this has not been perfect, and many global challenges remain unsolved. The Research Handbook on Cross-Border Bank Resolution analyses the strengths and weaknesses of the current regulatory framework for cross-border bank crises with contributions from eminent experts from the US, EU, Japan and China. The topic is addressed from both economic, and legal perspectives, with a special section devoted to real-life cases.
Download or read book Trade offs in Bank Resolution written by Mr.Giovanni Dell'Ariccia and published by International Monetary Fund. This book was released on 2018-02-09 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This SDN revisits the debate on bank resolution regimes, first by presenting a simple model of bank insolvency that transparently describes the trade-off involved between bail-outs, bail-ins, and larger capital buffers. The note then looks for empirical evidence to assess the moral hazard consequences of bail-outs and the systemic spillovers from bail-ins.
