A New Approach to Orderly Bank Exit

David Mayes, Liisa Halme and Aarno Liuksila

Chapter 9 in Improving Banking Supervision, 2001, pp 216-232 from Palgrave Macmillan

Abstract: Abstract There are two polar regimes for the enforcement of insolvency law in respect of banks. By comparing and contrasting their salient features, this chapter provides the basis for a new approach that requires the authorities to act early as banks get into difficulty and gives them the powers to do so. This requirement for early action should reduce the chance that taxpayers have to be called upon and sharpen the incentive for bank management themselves to act early to protect their own interests.

Keywords: Legal Personality; Administrative Agency; Insolvency Proceeding; Judicial Authority; Debt Restructuring (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-28819-5_9

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DOI: 10.1057/9780230288195_9

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