The Need for Special Resolution Regimes for Financial Institutions

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

September 1, 2009

Preview Citation

Format: Chicago

Martin Cihak, and Erlend Nier. The Need for Special Resolution Regimes for Financial Institutions—The Case of the European Union, (USA: International Monetary Fund, 2009) accessed September 18, 2024

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.

Subject: Bank resolution, Bank resolution framework, Banking, Deposit insurance, Special resolution regime

Keywords: Banking authorities, BNP Paribas, Host country authorities, Resolution authority, Resolution regime, WP

Publication Details

Pages:

29
Volume:

---
DOI:

---
Issue:

---
Series:

Working Paper No. 2009/200
Stock No:

WPIEA2009200
ISBN:

9781451873474
ISSN:

1018-5941

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Working Papers