The Need for Special Resolution Regimes for Financial Institutions—The Case of the European Union

Author/Editor:

Martin Cihak ; Erlend Nier

Publication Date:

September 1, 2009

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

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.

Series:

Working Paper No. 09/200

Subject:

English

Publication Date:

September 1, 2009

ISBN/ISSN:

9781451873474/1018-5941

Stock No:

WPIEA2009200

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

29

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