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The Need for Special Resolution Regimes for Financial Institutions—The Case of the European Union
Author: Mr. Martin Cihakhttps://orcid.org/0000-0002-3571-9707 and Erlend Nier
Series:
IMF Working Papers
Volume/Issue:
Volume 2009: Issue 200
Language:
English
Publication Date:
01 Sep 2009
DOI:
https://doi.org/10.5089/9781451873474.001
ISBN:
9781451873474
ISSN:
1018-5941
Pages:
29
Keywords:
WP; resolution regime; banking authorities; host country authorities; resolution authority; BNP Paribas
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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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.
Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund