United States: Financial Sector Assessment Program-Review of the Key Attributes of Effective Resolution Regimes for the Banking and Insurance Sectors-Technical Note

International Monetary Fund

No 2015/171, IMF Staff Country Reports from International Monetary Fund

Abstract: This Technical Note reviews the key attributes of effective resolution regimes for the banking and insurance sectors in the United States. The United States’ resolution regime for financial institutions has been significantly enhanced since the financial crisis. Over the past several years, the U.S. authorities have undertaken significant efforts to develop the capability to deploy the Orderly Liquidation Authority, if and when needed, to safeguard financial stability. Of particular importance is the development of the so-called single point of entry strategy, designed to take advantage of most systemically important financial institutions in the United States being organized under a holding company structure.

Keywords: ISCR; CR; financial company; State insurance; bank holding company; resolution power; resolution strategy; resolution authority; resolution regime; Bank resolution framework; Insurance companies; Insurance; Bank liquidation; Bridge bank; Global (search for similar items in EconPapers)
Pages: 140
Date: 2015-07-07
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