The Reserve Bank of New Zealand's Creditor Recapitalization (BCR) Project: An Option for Resolving Large Banks?

Ian Harrison
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Ian Harrison: Reserve Bank of New Zealand, New Zealand

Chapter 24 in Systemic Financial Crises:Resolving Large Bank Insolvencies, 2005, pp 397-406 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:IntroductionThe BCR OptionDeveloping the OptionThe Structure of the BCR ProcessImposition of statutory management and closure of the bankImposition of the haircut on transactions accounts and term depositsThe failed bank reopens for core transactions businessImposition of the haircut and other liabilitiesDecisions on future operations and restructuring pathAn Example of a BCRRisks in Implementing a BCRThe Status of the BCR

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