Closing a Failed Bank : : Resolution Practices and Procedures / / David Parker

• Record Nr.: UNINA9910819868003321
• Autore: Parker David
• Pubbl/distr/stampa: Washington, D.C. : , : International Monetary Fund, , 2011
• ISBN: 1-4552-5224-7; 1-4552-5628-5; 1-283-54814-3; 9786613860590; 1-4552-5426-6
• Edizione: [1st ed.]
• Descrizione fisica: 1 online resource (668 p.)
• Soggetti: Bank failures; Liquidation; Banks and Banking; Finance: General; Financial Risk Management; Public Finance; Industries: Financial Services; Corporate Finance; Banks; Depository Institutions; Micro Finance Institutions; Mortgages; Financial Institutions and Services: Government Policy and Regulation; Taxation, Subsidies, and Revenue: General; Financial Institutions and Services: General; Public Administration; Public Sector Accounting and Audits; Banking; Economic & financial crises & disasters; Finance; Public finance & taxation; Financial services law & regulation; Bank resolution; Loans; Bank liquidation; Legal support in revenue administration; Financial crises; Financial institutions; Revenue administration; Bank deposits; Financial services; Banks and banking; Crisis management; Revenue; Financial services industry; United States
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: Cover Page; Title Page; Copyright Page; Boxes; Figures; Tables; Closing a failed bank : resolution practices and procedures; Contents; Acknowledgments; Preface; Chapter 1 Introduction; Legal Framework; 1.1. Contrasting a Special Bank Insolvency Regime with Commercial Bankruptcy Law; Deposit Insurance during Bank Failures; Media and Public Relations; Chapter Summaries; Chapter 2 Problem Bank Resolution and Supervision; 2.1. Decision Tree for Problem Bank Resolution; Problem Bank Supervision; 2.1. What Makes a Problem Bank?; 2.1. Examples of Informal and Formal Supervisory and Enforcement Actions 2.2. U.S. Prompt Corrective Action Capital Categories; 2.2. Bank Intervention Flow Chart; Problem Bank Resolution; Chapter 3 Bank Intervention Procedures; Duties and Responsibilities of Intervention Team; Advance Preparation for Intervention; 3.1. Intervention Staffing; 3.1. Intervention Documents; Immediate Actions at Intervention; Annex 3.1. Functional Area Checklists*; Annex 3.2. Sample Problem Bank Resolution Action Plan*; Annex 3.3. Intervention Organizational Chart; Annex 3.4. Publication Notice of Appointment of Conservator or Receiver*Annex 3.5. Notice for Registration at the Appropriate Court*; Annex 3.6. Door Notice of Appointment of Conservator or Receiver*; Annex 3.7. Notice to General Director of Appointment of Conservator or Receiver*; Annex 3.8. Notice to Correspondents of Appointment of Conservator or Receiver*; Annex 3.9. Notice to Bank Employees of Appointment of Conservator or Receiver*; Annex 3.10. Employee Code of Conduct and Confidentiality Agreement*; Annex 3.11. Notice to Shareholders, Depositors, Borrowers and Vendors of Appointment of Conservator or Receiver*Annex 3.12. Initial Information; Annex 3.13. Outline for Initial Intervened Bank Employees Meeting; Annex 3.14. Sample Press Releases; Annex 3.15. Questions and Answers for the Press related to [Failed Bank]*; Annex 3.16. Telephone Script (Liquidation)*; Annex 3.17. Bank Intervention Managers Book Table of Contents*; Annex 3.18. Inventory Book of Assets and Liabilities; Annex 3.19. Estimated Loss in Assets Form*; Annex 3.20. Cash Count Sheets*; Annex 3.21. Asset Review Sheet*; Annex 3.22. Bank Account Reconciliation Guidelines Annex 3.23. Subsidiary Due Diligence Review Checklist*; Annex 3.24. Business and Disposition Plan; Chapter 4 Conservatorship Operations; 4.1. Placing a ; Bank in Conservatorship; Annex 4.1. Funds Flow Analysis; Annex 4.2. Contingency Funding Plan Summary*; Operations and Policies; Immediate Concerns; Ongoing Operations; Chapter 5 Final Resolution; 5.1. Open Bank Assistance; Resolution Preparation; Marketing Strategy; 5.1. Summary of a Typical Purchase and Assumption Transaction; 5.2. Assuming Bank Purchase and Assumption Example; 5.3. "Bridge" Bank Purchase and Assumption Example
• Sommario/riassunto: This manual addresses problem bank resolution from the time a bank is identified as being in financial trouble through intervention to liquidation. It comes with an interactive CD-Rom from which users can download and tailor documents to use in their own closing processes. The book draws on the author’s lengthy career as a bank liquidator for the Federal Deposit Insurance Corporation and Resolution Trust Corporation and his worldwide consulting experience with the IMF and other international organizations.