Cross-Border Bank Resolution - Recent Developments
Policy Papers, June 2, 2014
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- Cross-Border Bank Resolution - Recent Developments
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Bibliographic details
- Published: June 2, 2014
- Series: Policy Papers
- Stock No: ISBN
Overview
- Developing an effective framework for cross-border resolution is a key priority in international regulatory reform.
- Large bank failures during the global financial crisis brought home the lack of adequate tools for resolving “too-big-to-fail” institutions.
- In cross-border cases, misaligned incentives and lack of robust mechanisms for resolution and cross-border cooperation left some country authorities with little choice but to take unilateral actions.
- Unilateral actions contributed to the high fiscal costs of the crisis and resulted in disorderly resolution in some cases.
Major findings
- The global financial crisis exposed a lack of adequate tools for resolving large, cross-border banks.
- Misaligned incentives across jurisdictions hindered coordinated resolution.
- Absence of robust cross-border cooperation mechanisms led to unilateral national measures.
- Unilateral measures increased fiscal costs and produced disorderly resolutions in certain instances.
Subjects covered
- Bank resolution
- International banks
- International cooperation
- Private sector
- Public sector
Publication metadata (as presented)
- Publication date: June 2, 2014
- Citation preview: Cross-Border Bank Resolution - Recent Developments, (USA: International Monetary Fund, 0) accessed 9/18/2026
Cross-Border Bank Resolution - Recent Developments, June 2, 2014
Content in this bundle
- Cross-Border Bank Resolution: Recent Developments; IMF Policy Paper; June 2, 2014.