Bank recovery and resolution : a conference book / / Matthias Haentjens and Bob Wessels, editors ; contributors Alexander Bornemann [and nine others]

• Pubblicazione: Hague, Netherlands : , : Eleven International Publishing, , 2014; ©2014
• Descrizione fisica: 1 online resource (254 p.)
• Disciplina: 346.4073
• Soggetto topico: Financial services industry - Law and legislation - European Union countries
• Persona (resp. second.): HaentjensMatthias; WesselsB; BornemannAlexander
• Note generali: Description based upon print version of record.
• Nota di contenuto: Cover; Title Page; Table of Contents; Notes on contributors; Series Preface; Editorial Preface; A note on the NACIIL and the HCFL; Part 1 Introduction; 1 Work of International Organizationson Bank Recovery and Resolution: an Overview; 1 Introduction; 1.1 The earliest history of bank insolvencies; 1.2 Background of recent legislative initiatives; 1.3 Theme of today's conference; 2 Territorial; 2.1 General; 2.2 Global; 2.2.1 FSF/FSB; 2.2.2 Basel Committee on Banking Supervision (BIS); 2.2.3 IMF; 2.2.4 UNCITRAL; 2.3 Regional; 2.3.1 EU; 2.3.2 United States; 2.4 National; 2.4.1 United Kingdom ; 2.4.2 Germany2.4.3 Spain; 2.4.4 The Netherlands; 3 Thematic; 3.1 General; 3.2 Scope; 3.2.1 Insurance companies; 3.2.2 Financial Market Infrastructures; 3.2.3 Securities and investment firms; 3.3 Recovery and resolution plans; 3.4 Bail-in; 3.5 Counterparties/contractual early termination; 3.6 Cooperation/cross-border groups; 3.7 Rule of law; 4 Conclusion; 5 Chronological overview; Part 2 Recovery Plans; 2 Bank Recovery Plans: Strengths and Weaknesses; 1 General introduction; 2 Early warning and recovery plans in other industries; 2.1 Recovery plans: early warning ; 2.2 Recovery plans: turnaround process2.3 Recovery plans: content; 3 Characteristics of banks and the banking industry; 4 EU Directive on the Recovery and Resolution of Credit Institutions and Investment Firms; 5 Recovery plans: triggers, concepts, criteria, strengths and weaknesses; 6 Conclusions; Literature; 3 Bank Failure and Pre-emptive Planning; 1 Introduction; 2 The special purpose of a bank resolution regime; 2.1 'Too big to fail'; 2.1.1 Special requirements in a bank failure scenario; 2.1.2 The shortcomings of insolvency proceedings in bank failure ; 3 The proposed EU bank resolution mechanism3.1 The scope: financial institutions; 3.2 The decision: made by resolution authorities; 3.2.1 Reasons for a 'dictated' resolution plan; 3.2.2 The indispensable involvement of courts; 3.3 Decision content: pre-packaged; 3.3.1 (Pre-packaged) resolution plans; 3.3.1.1 Right to set up a plan; 3.3.1.2 Duties to report; 3.3.1.3 Resolution planning and the core issue of resolvability; 3.3.1.4 Resolution tools; 3.3.1.4.1 Sale of business (and asset separation); 3.3.1.4.2 Bridge institution (and asset separation) ; 3.3.1.4.3 Who shall wind up a failing bank's business and assets?3.3.1.4.4 The bail-in tool - reorganization efforts in a bank failure regime?; 3.3.1.5 Implementing a resolution plan; 3.3.2 Side-effect: recovery plans; 4 Early intervention by supervisors and recovery plans; 4.1 When should a supervisor intervene?; 4.2 What may a supervisor do?; 5 Addressing banking groups; 5.1 Group recovery plans and group financial support agreement; 5.2 Group resolution plans; 6 Evaluation; 7 Outlining a 'default resolution option; 7.1 Resolution planning and resolvability ; 7.2 Resolution of a failing financial institution
• Sommario/riassunto: European legislators have recently proposed the introduction of a completely new regime for crisis management in the banking sector. Once enacted, this legislative initiative will bring about an unprecedented harmonization of European bank insolvency law. On May 23, 2013, the Hazelhoff Center for Financial Law at Leiden Law School and the Netherlands Association for Comparative and International Insolvency Law (NACIIL) organized a conference on the highly topical theme of recovery and resolution of credit institutions and investment firms. The key question to which answers were sought at this
• Titolo autorizzato: Bank recovery and resolution
• ISBN: 94-6274-033-X
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910786525103321
• Lo trovi qui: Univ. Federico II