LEADER 03036nam 2200481 450 001 9910792788003321 005 20230809222727.0 010 $a94-6274-635-4 035 $a(CKB)3710000001065126 035 $a(MiAaPQ)EBC4806769 035 $a(EXLCZ)993710000001065126 100 $a20170306h20172017 uy 0 101 0 $aeng 135 $aurcnu|||||||| 181 $2rdacontent 182 $2rdamedia 183 $2rdacarrier 200 14$aThe bank recovery and resolution directive and the single resolution mechanism /$fSaskia M. C. Nuijten, Bart P. M. Joosen and Patrick Clancy 210 1$aThe Hague, Netherlands :$cEleven International Publishing,$d2017. 210 4$dİ2017 215 $a1 online resource (93 pages) 311 $a94-6236-716-7 327 $tLegal protection against actions under the Single Resolution Mechanism-- or the lack of it /$rSaskia M.C. Nuijten --$tBail-in mechanisms in the Bank Recovery and Resolution Directive /$rBert P.M. Joosen --$tThe Single Resolution Mechanism : position oof counterparties, especially in repos and derivatives contracts /$rPatrick Clancy --$tReport of the Annual Conference of the Netherlands Association for Comparative and International Insolvency Law on 6 November 2014 /$rL.G.A. Jansen and T.C.A. Dijkhuizen. 330 8 $aThe 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. 606 $aFinancial crises 606 $aFinancial crises$y21st century$vCongresses 607 $aEurope$2fast 607 $aEurope$zEuropean Union countries$2fast 610 $aBail-ins (Government policy) 615 0$aFinancial crises. 615 0$aFinancial crises 676 $a338.542 700 $aNuijten$b Saskia M. C.$01498169 702 $aClancy$b Patrick 702 $aJoosen$b Bart P. M. 712 02$aNederlandse Vereniging voor Rechtsvergelijkend en Internationaal Insolventierecht, 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910792788003321 996 $aThe bank recovery and resolution directive and the single resolution mechanism$93723641 997 $aUNINA