product description page
Bank Recovery and Resolution Directive and the Single Resolution Mechanism : Preadviezen/Reports 2014
About this item
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.
Number of Pages: 86
Genre: Freedom + Security / Law Enforcement
Publisher: Intl Specialized Book Services
Author: Saskia M. C. Nuijten & Bart P. M. Joosen & Patrick Clancy
Street Date: March 23, 2017
Item Number (DPCI): 248-47-3057
If the item details above aren’t accurate or complete, we want to know about it. Report incorrect product info.