The Bank Recovery and Resolution Directive and the Single Resolution Mechanism: Preadviezen/Reports 2014 (Reports NACIIL/Preadviezen NVRII) - Softcover

Nuijten, Saskia M C; Joosen, Bart P M; Clancy, Patrick

 
9789462367166: The Bank Recovery and Resolution Directive and the Single Resolution Mechanism: Preadviezen/Reports 2014 (Reports NACIIL/Preadviezen NVRII)
Softcover
ISBN 10: 9462367167 ISBN 13: 9789462367166
Publisher: Eleven International Publishing, 2017

Synopsis

The new European rules on bank insolvency seek to prevent future government-funded bailouts. Instead, risks should be internalized by the participants. The rules in the Bank Recovery and Resolution Directive and also the Single Resolution Mechanism seek to mimic the outcome of a normal insolvency procedures, without actually letting a failing institution enter full insolvency procedures. The rules enacted are of critical importance to a healthier and more stable financial sector.This book presents three reports in which the new rules are explained and criticized where needed. Professor Joossen discusses the bail-in mechanisms, while Nuijten analyses the legal protection offered to stakeholders against intervention under the Single Resolution Mechanism - or the lack thereof. Finally, Clancy considers the potential use of the new resolution tools in the context of counterparties, in particular repo and derivative counterparties to a financial institution.

"synopsis" may belong to another edition of this title.

From the Back Cover

The new European rules on bank insolvency seek to prevent future government-funded bailouts. Instead, risks should be internalized by the participants. The rules in the Bank Recovery and Resolution Directive and also the Single Resolution Mechanism seek to mimic the outcome of a normal insolvency procedures, without actually letting a failing institution enter full insolvency procedures. The rules enacted are of critical importance to a healthier and more stable financial sector.

This book presents three reports in which the new rules are explained and criticized where needed. Professor Joossen discusses the bail-in mechanisms, while Nuijten analyses the legal protection offered to stakeholders against intervention under the Single Resolution Mechanism - or the lack thereof. Finally, Clancy considers the potential use of the new resolution tools in the context of counterparties, in particular repo and derivative counterparties to a financial institution.

"About this title" may belong to another edition of this title.

Publisher
Eleven International Publishing
Publication date
2017
Language
English
ISBN 10 
9462367167
ISBN 13 
9789462367166
Binding
Paperback
Edition number
1
Number of pages
80