Bank exit legislation in US, EU and Japanese financial centres

Peik Granlund
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Peik Granlund: Bank of Finland

Finance from EconWPA

Abstract: This paper analyses bank exit (ie reorganisation and liquidation) legislation in selected financial centres: New York, London, Frankfurt, Helsinki and Tokyo. The focus is on bank exit legislation applicable to commercial banks. The legislation is analysed from the perspective of bank stakeholders, ie bank creditors, depositors and bank shareholders. The analysis is restricted to those legislative provisions that provide security and rights for stakeholders in case of bank exit. In addition to current conditions, the paper covers the main legislative changes of the latter part of the 1990s.

Keywords: bank; regulation; supervision; reorganisation; liquidation (search for similar items in EconPapers)
JEL-codes: G28 K23 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eec, nep-law, nep-reg and nep-sea
Date: 2004-05-11
Note: Type of Document - pdf
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpfi:0405015

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