The Need for Special Resolution Regimes for Financial Institutions - The Case of Theeuropean Union
30 Pages Posted: 13 Oct 2009
Date Written: September 2009
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: Suggested Citation