The Need for Special Resolution Regimes for Financial Institutions - The Case of Theeuropean Union

30 Pages Posted: 13 Oct 2009

See all articles by Martin Čihák

Martin Čihák

International Monetary Fund (IMF)

Erlend W. Nier

International Monetary Fund (IMF)

Date Written: September 2009

Abstract

The global financial crisis has demonstrated weaknesses in resolution regimes for financial institutions around the globe, including in the European Union (EU). This paper considers the principles underlying resolution regimes for financial institutions, and draws out how a well-designed resolution regime can expand the toolset available for crisis management. Introducing, or in some cases expanding the scope, of these regimes is pressing to achieve more effective responses to ongoing financial sector weaknesses across the EU.

Keywords: Bank resolution, Bank supervision, Bankruptcy, Banks, Credit risk, European Union, Financial institutions, Financial risk, Financial sector, Financial stability, Nonbank financial sector, Risk management

Suggested Citation

Cihak, Martin and Nier, Erlend W., The Need for Special Resolution Regimes for Financial Institutions - The Case of Theeuropean Union (September 2009). IMF Working Papers, Vol. , pp. 1-29, 2009. Available at SSRN: https://ssrn.com/abstract=1486518

Martin Cihak (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street N.W.
Washington, DC 20431
United States

Erlend W. Nier

International Monetary Fund (IMF) ( email )

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