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

Cihák, Martin and Erlend Nier

No 09/200, IMF Working Papers from International Monetary Fund

Abstract: 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.

Keywords: Bank resolution; Bank supervision; Bankruptcy; Banks; Credit risk; European Union; Financial institutions; Financial risk; Financial sector; Financial stability; Nonbank financial sector; Risk management (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-acc, nep-cba, nep-eec and nep-rmg
Date: 2009-09-17

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Persistent link: http://EconPapers.repec.org/RePEc:imf:imfwpa:09/200

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