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How to manage failures of non-systemic banks? A review of country practices

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FSI Papers  |  No 10  |  29 October 2018 by  Patrizia Baudino, Antonella Gagliano, Edoardo Rulli and Ruth Walters PDF full text (433kb)  |  35 pages Since the great financial crisis, many jurisdictions have developed special resolution regimes to ensure that banks can fail without systemic impact. Bank insolvency regimes complement resolution by providing a framework for the orderly winding-up of banks that do not meet the thresholds for resolution. Based on a review of the bank insolvency regimes of twelve selected jurisdictions, this paper identifies and discusses key features

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FSI Papers  |  No 10  | 
29 October 2018
PDF full text
 (433kb)
 |  35 pages

Since the great financial crisis, many jurisdictions have developed special resolution regimes to ensure that banks can fail without systemic impact. Bank insolvency regimes complement resolution by providing a framework for the orderly winding-up of banks that do not meet the thresholds for resolution. Based on a review of the bank insolvency regimes of twelve selected jurisdictions, this paper identifies and discusses key features of bank-specific regimes that address the special nature of banking and the public interest considerations that may arise in the insolvency of any bank. The analysis provides insights on approaches and instruments that may help in the design of effective regimes for dealing with failing banks.

JEL classification: G21, G33, K20

International Settlement
The Bank for International Settlements (BIS) is an international company limited by shares owned by central banks which "fosters international monetary and financial cooperation and serves as a bank for central banks". The BIS carries out its work through subcommittees, the secretariats it hosts and through an annual general meeting of all member banks. It also provides banking services, but only to central banks and other international organizations. It is based in Basel, Switzerland, with representative offices in Hong Kong and Mexico City.

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