Resolving a Large Bank: The FDIC's Perspective

Arthur J. Murton
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Arthur J. Murton: Federal Deposit Insurance Corporation, USA

Chapter 26 in Systemic Financial Crises:Resolving Large Bank Insolvencies, 2005, pp 415-420 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractI applaud the Chicago Federal Reserve Bank for holding a conference on systemic financial crises and resolving large bank insolvencies, and I want to thank the organizers of the conference for giving me an opportunity to speak. This topic is an important one, and it is especially important to the Federal Deposit Insurance Corporation (FDIC). A key feature of the U.S. deposit insurance arrangements is the role of the FDIC as receiver of failed banks. This results in a bankruptcy mechanism for banks that is separate and distinct from the normal bankruptcy code. Therefore the ability to manage a large bank failure effectively is central to the FDIC's mission…

Keywords: Bank Failures; Large Bank; Insolvencies; Resolutions; Macroeconomies (search for similar items in EconPapers)
Date: 2005
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