Closing a Failed Bank

Author: Mr. David C. Parker
Publisher: International Monetary Fund
ISBN: 9781455256280
Release Date: 2011-04-08
Genre: Business & Economics

This manual addresses problem bank resolution from the time a bank is identified as being in financial trouble through intervention to liquidation. It comes with an interactive CD-ROM from which users can download and tailor documents to use in their own closing processes. The book draws on the author's lengthy career as a bank liquidator for the Federal Deposit Insurance Corporation and Resolution Trust Corporation and his worldwide consulting experience with the International Monetary Fund and other international organizations. The chapters examine legal frameworks; the function of deposit insurance during bank failures; the importance of public and media relations; measures and procedures used by a supervisory authority to rehabilitate, restructure, or resolve a problem bank; bank intervention procedures; conservatorship operations; bank resolution alternatives and methods for marketing a problem bank using a purchase and assumption agreement; operations and administrative procedures for bank liquidation or receivership; and asset management and disposition.

Building Resilient Banking Sectors in the Caucasus and Central Asia

Author: MissMercedes Vera Martin
Publisher: International Monetary Fund
ISBN: 9781484366752
Release Date: 2018-07-06
Genre: Political Science

External shocks since 2014—lower oil prices and slower growth in key trading partners—have put financial sectors, mainly banks, in the eight Caucasus and Central Asia (CCA) countries under increased stress. Even before the shocks, CCA banking sectors were not at full strength. Asset quality was generally weak, due in part to shortcomings in regulation, supervision, and governance. The economies were highly dollarized. Business practices were affected by lack of competition and, in most countries, connected lending, which undermined banking sector health. Shortcomings in financial regulation and supervision allowed the unsound banking practices to remain unaddressed. The external shocks exacerbated in these underlying vulnerabilities. Strains in CCA banking sectors intensified as liquidity tightened, asset quality deteriorated, and banks became undercapitalized. These challenges have required public intervention in some cases.

Slovenia Technical Assistance Report Bank Intervention and Resolution and the Deposit Guarantee System

Publisher: International Monetary Fund
ISBN: 9781513513140
Release Date: 2015-10-27
Genre: Business & Economics

This Technical Assistance Report assesses the bank resolution framework and deposit guarantee system in Slovenia. There are three necessary requirements for effective bank resolution: (1) a special bank resolution regime, (2) advance preparation for bank intervention and resolution, and (3) an adequately funded Deposit Guarantee Scheme (DGS). Slovenia’s banking law provides for the first, while the recommendation to create a Resolution Unit within Bank of Slovenia has been adopted. The extant DGS, however, is an ex post funded scheme that does not fulfill the third criteria. Slovenia must implement the European Union Deposit Guarantee Scheme Directive into national law, which calls for an ex ante funded DGS.

Canada Financial Sector Assessment Program Crisis Management and Bank Resolution Framework Technical Note

Author: International Monetary Fund. Monetary and Capital Markets Department
Publisher: International Monetary Fund
ISBN: 9781484329849
Release Date: 2014-03-07
Genre: Business & Economics

This report underlies Canada’s Financial Sector Assessment Program (FSAP) in the areas of crisis management and blank resolution. The provincial deposit insurance systems (DIS) and resolution frameworks are highly heterogeneous and the FSAP’s analysis suggests that the preparedness to overcome financial stress should be enhanced. The IMF report discusses that the federal legal and institutional arrangements for resolving individual financial institutions are robust. It suggests that clear mandates should be assigned to: (1) monitor systematic risk to facilitate macroprudential oversight; and (2) carry out system wide crisis preparedness.

World Economic Outlook

ISBN: MINN:31951P00784657H
Release Date: 2011
Genre: Economic forecasting

A Survey by the IMF staff usually published twice a year. It presents IMF staff economists' analyses of global economic developments during the near and medium term. Chapters give an overview as well as more detailed analysis of the world economy; consider issues affecting industrial countries, developing countries, and economies in transition to market; and address topics of pressing current interest.


Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 9781451986839
Release Date: 2000-11-02
Genre: Business & Economics

A sustained decline in fertility rates underlies a rapid aging and decline of Japan's population. This will have profound social and economic implications. The paper illustrates the difficult situation facing Japanese fiscal policy in the years ahead. The findings of this paper indicate that there may be a role for foreign exchange interventions in providing stimulus at the current conjuncture. Deposit insurance reform is a central element in the government strategy to strengthen the Japanese banking system. The unemployment-deflation puzzle in Japan has been explained.

Bail ins and Bank Resolution in Europe

Author: Thomas Philippon
Publisher: Geneva Reports on the World Ec
ISBN: 1912179008
Release Date: 2017
Genre: Business & Economics

The 4th Special Report in the Geneva Reports on the World Economy series reviews the current status of bail-ins and bank resolution in Europe. It first provides a critical comparison of the US and EU bank resolution rules, including the underlying similarities, differences and enhancement points of both frameworks. It then goes on to focus on European banking failures, providing estimates of taxpayer costs and considering the hypothetical application of stronger private sector bail-in consistent with the spirit of the Bank Resolution and Recovery Directive. The report ends with a number of policy recommendations concerning governance, stress testing, cross-border issues and resolution of financial contracts.

Subsidiaries or Branches

Author: Jonathan Fiechter
Publisher: International Monetary Fund
ISBN: 9781462302123
Release Date: 2011-03-01
Genre: Business & Economics

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience interested in economic policy issues. This Web-only series replaced Staff Position Notes in January 2011.

Bank Recovery and Resolution

Author: Sven Schelo
ISBN: 9041149597
Release Date: 2015
Genre: Law

This book focuses on the European legal framework under the Bank Recovery and Resolution Directive (BRRD). 0The author provides you with a clear and easily understandable explanation of the key provisions, procedures and triggers at work in bank recovery, and examines the cross-border issues that the new rules under the BRRD have been created to help. He organizes a highly complex legal system into patterns and action plans that you can apply in virtually any case where bank business is of central significance.

The EU Environmental Liability Directive

Author: Lucas Bergkamp
Publisher: Oxford University Press
ISBN: 9780199670017
Release Date: 2013-03-14
Genre: Law

The 2004 Environmental Liability Directive (ELD) created a legal regime for the restoration of environmental damage that was novel to all EU Member States. The first volume to provide guidance on interpreting and applying the ELD, this book presents a comprehensive commentary on legal issues arising under the ELD and an overview of administrative, technical, and legal practices in applying the ELD regimes in cases of actual or threatened environmental damage.