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- W2766123921 abstract "The term ‘resolution’ refers to any action by a national authority, with or without private sector involvement, intended to address serious problems in a financial institution that imperil its viability where, absent resolution, the institution is no longer viable and there is no reasonable prospect of becoming so ( Basel Committee on Banking Supervision, 2010 . Report and Recommendations of the Cross-border Bank Resolution Group, March). The term ‘resolution’ is generally associated with special regimes for handling the insolvency of regulated financial institutions. It describes collective procedures, such as receivership or special administration that are administered by an administrative authority and tailored to the specifics of a financial institution failure and that allow for the allocation of losses in an equitable manner while taking into account public interest objectives (e.g., financial stability, protection of depositors)." @default.
- W2766123921 created "2017-11-10" @default.
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- W2766123921 date "2013-01-01" @default.
- W2766123921 modified "2023-09-24" @default.
- W2766123921 title "Lines of Defense Against Systemic Crises" @default.
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- W2766123921 doi "https://doi.org/10.1016/b978-0-12-397875-2.00029-5" @default.
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