Cross-border bank insolvency

This timely book analyzes and discuss the various issues associated with cross-border bank insolvency following the financial crisis. Though financial markets and institutions have become international in recent years, regulation remains constrained by the domain of domestic jurisdictions. This dich... Full description

Table of Contents

Bibliographic Details
Published:	Oxford [u.a.] : Oxford Univ. Press, 2011
Persons:	Lastra, Rosa M. <<[Hrsg.]>> -
Format:	Book / Printed Book
Language:	English
Edition:	1. publ
Subjects:	Bank failures / Law and legislation Banks and banking, International / Law and legislation Banking law / International cooperation
Physical description:	XL, 489 S. : graph. Darst.
Item Description:	Includes index
ISBN:	9780199577071

record_format	marc
spelling	Lastra, Rosa M. <<[Hrsg.]>> Cross-border bank insolvency ed. by Rosa M Lastra 1. publ Oxford [u.a.] Oxford Univ. Press 2011, 2011 XL, 489 S. : graph. Darst This timely book analyzes and discuss the various issues associated with cross-border bank insolvency following the financial crisis. Though financial markets and institutions have become international in recent years, regulation remains constrained by the domain of domestic jurisdictions. This dichotomy poses challenges for regulators and policy makers. If at the national level, bank crisis management is complex (with the involvement of several authorities and the interests of many stakeholders), this complexity is far greater in the case of cross-border bank crisis management, both at the EU level and at the international level Bank failures / Law and legislation Banks and banking, International / Law and legislation Banking law / International cooperation Includes index Lastra, Rosa María Lastra, Rosa http://swbplus.bsz-bw.de/bsz35325889Xinh.pdf ToC Völkerrecht Heidelberg VIEW
language	English
format	0/Buch/ 1/Buch/PrintBuch/
author	Lastra, Rosa M. <<[Hrsg.]>>
spellingShingle	Lastra, Rosa M. <<[Hrsg.]>> Cross-border bank insolvency
author_facet	Lastra, Rosa M. <<[Hrsg.]>> Lastra, Rosa M. <<[Hrsg.]>>
author_role	-
author_sort	Lastra, Rosa M. <<[Hrsg.]>>
author2	Lastra, Rosa M. <<[Hrsg.]>>
author2_role	-
title	Cross-border bank insolvency
title_short	Cross-border bank insolvency
title_full	Cross-border bank insolvency ed. by Rosa M Lastra
title_fullStr	Cross-border bank insolvency ed. by Rosa M Lastra
title_full_unstemmed	Cross-border bank insolvency ed. by Rosa M Lastra
title_sort	cross-border bank insolvency ed. by rosa m lastra
publisher	Oxford Univ. Press
publishDate	2011
physical	XL, 489 S. : graph. Darst
edition	1. publ
isbn	9780199577071
callnumber-first	VR XV Dg 38
callnumber-subject	VR
callnumber-label	VR XV DG 38
callnumber-raw	VR 19.3 VR: XV DG
callnumber-search	VR 19.3 VR: XV DG VR XV Dg 38
callnumber-sort	VR 219.3
url	http://swbplus.bsz-bw.de/bsz35325889Xinh.pdf
illustrated	Not Illustrated
institution	Local holdings
institution_hierarchy	0/Local holdings/
system_id	000882142
online	false
dedup_id_str	LastraRosaMHrsgCrossborderbankinsolvencyOxfordUnivPress
toc_content	IMAGE 1 CONTENTS TABLE OF CASES XXV TABLE OF LEGISLATION XXIX 1 . BANK INSOLVENCY IN THE CONTEXT OF CRISIS MANAGEMENT INTRODUCTION 1.01 LENDER OF LAST RESORT 1.10 DEPOSIT INSURANCE 1.44 DEPOSIT INSURANCE IN THE EU 1.57 GOVERNMENT RESCUE PACKAGES 1.75 SYSTEMIC RISK CONSIDERATIONS 1.79 2. DEFINITION OF BANK INSOLVENCY AND TYPES OF BANK INSOLVENCY PROCEEDINGS INTRODUCTION 2.01 WHAT IS BANK INSOLVENCY? 2.10 WHY LEX SPECIALIST 2.27 OBJECTIVES AND PURPOSES OF A BANK INSOLVENCY FRAMEWORK 2.37 TYPES OF PROCEEDINGS 2.53 THE ROLES OF THE RELEVANT AUTHORITIES IN A BANK INSOLVENCY FRAMEWORK 2.68 THE UK BANKING ACT 2009 AND THE SPECIAL RESOLUTION REGIME 2.87 CONCLUSIONS 2.101 3. EARLY INTERVENTION INTRODUCTION 3.01 THE THEORETICAL BASIS FOR EARLY INTERVENTION 3.05 EARLY INTERVENTION IN DIE UK 3.15 EARLY INTERVENTION IN THE EU 3.19 PCAINTHEUSA 3.34 XIX IMAGE 2 CONTENTS 4. THE ACTORS IN THE PROCESS: OF SUPERVISORS, REGULATORS, ADMINISTRATORS, AND COURTS OF JUSTICE ACTORS GENERALLY 4.01 DIFFICULTIES IN RESOLVING BANKING CRIS
local_classification	VR 19.3 VR: XV Dg
id	000900494
work_keys_str_mv	AT lastrarosamhrsg crossborderbankinsolvency
first_indexed	2024-05-05T23:40:19Z
last_indexed	2024-05-05T23:40:19Z
_version_	1800640124114960384
fullrecord	07701nam 2200481 u 4500001001200000003002700012008003900039007002400078020003500102020003900137090001600176100003200192245005500224250001300279260005000292300003100342520064200373653004001015653005901055653004401114653004001158653005901198653004401257041001901301993000801320993000901328993001101337500001901348013001401367084001201381084001401393998001401407998002401421998001401445696002401459696001701483856008501500992195501585992199703540992155405537852002407091999010407115VR000900494VRH01000000000000000882142t s2011 r \|\|\| engtu\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\| a0-19-957707-2c(hbk.) £125.00 a978-0-19-957707-1c(hbk.) £125.00 aVR XV Dg 381 aLastra, Rosa M. <<[Hrsg.]>>00aCross-border bank insolvencyced. by Rosa M Lastra a1. publ. aOxford [u.a.]bOxford Univ. Pressc2011, 2011 aXL, 489 S. : graph. Darst. aThis timely book analyzes and discuss the various issues associated with cross-border bank insolvency following the financial crisis. Though financial markets and institutions have become international in recent years, regulation remains constrained by the domain of domestic jurisdictions. This dichotomy poses challenges for regulators and policy makers. If at the national level, bank crisis management is complex (with the involvement of several authorities and the interests of many stakeholders), this complexity is far greater in the case of cross-border bank crisis management, both at the EU level and at the international level aBank failures / Law and legislation aBanks and banking, International / Law and legislation aBanking law / International cooperation aBank failures / Law and legislation aBanks and banking, International / Law and legislation aBanking law / International cooperation07aeng2ISO 639-2 aToC a1212 a1207bb aIncludes index a655149430 aVR 19.3 aVR: XV Dg aVR: XV Dg aInternational Bank. aVR: XV Dg aLastra, Rosa María aLastra, Rosa uhttp://swbplus.bsz-bw.de/bsz35325889Xinh.pdf3ToCmVölkerrecht HeidelbergzVIEW aIMAGE 1 CONTENTS TABLE OF CASES XXV TABLE OF LEGISLATION XXIX 1 . BANK INSOLVENCY IN THE CONTEXT OF CRISIS MANAGEMENT INTRODUCTION 1.01 LENDER OF LAST RESORT 1.10 DEPOSIT INSURANCE 1.44 DEPOSIT INSURANCE IN THE EU 1.57 GOVERNMENT RESCUE PACKAGES 1.75 SYSTEMIC RISK CONSIDERATIONS 1.79 2. DEFINITION OF BANK INSOLVENCY AND TYPES OF BANK INSOLVENCY PROCEEDINGS INTRODUCTION 2.01 WHAT IS BANK INSOLVENCY? 2.10 WHY LEX SPECIALIST 2.27 OBJECTIVES AND PURPOSES OF A BANK INSOLVENCY FRAMEWORK 2.37 TYPES OF PROCEEDINGS 2.53 THE ROLES OF THE RELEVANT AUTHORITIES IN A BANK INSOLVENCY FRAMEWORK 2.68 THE UK BANKING ACT 2009 AND THE SPECIAL RESOLUTION REGIME 2.87 CONCLUSIONS 2.101 3. EARLY INTERVENTION INTRODUCTION 3.01 THE THEORETICAL BASIS FOR EARLY INTERVENTION 3.05 EARLY INTERVENTION IN DIE UK 3.15 EARLY INTERVENTION IN THE EU 3.19 PCAINTHEUSA 3.34 XIX IMAGE 2 CONTENTS 4. THE ACTORS IN THE PROCESS: OF SUPERVISORS, REGULATORS, ADMINISTRATORS, AND COURTS OF JUSTICE ACTORS GENERALLY 4.01 DIFFICULTIES IN RESOLVING BANKING CRISES 4.08 SOLUTIONS AND RESPONSES 4.23 ACTORS GENERALLY: CONCLUSIONS 4.56 COURTS 4.59 GENERAL CONSIDERATIONS 4.61 DOMESTIC BANKS 4.63 FOREIGN BANKS 4.70 COURTS: CONCLUSIONS 4.92 5. ALLOCATING COSTS OF FAILURE RESOLUTION: SHAPING INCENTIVES AND REDUCING MORAL HAZARD INTRODUCTION 5.01 FAILURE RESOLUTION AS A CORNERSTONE OF A FINANCIAL SYSTEM 5.05 WHO SHOULD BEAR THE LOSSES? 5.13 LOSS ALLOCATION LADDER 5-20 THE LEGAL PROTECTION OF SHAREHOLDER AND CREDITOR RIGHTS 5.33 PROTECTING SYSTEMIC FUNCTIONS AND ALLOCATING LOSSES 5.44 CROSS-BORDER ASPECTS 5.57 CONCLUSION 5.64 6. DEVELOPMENTS IN THE EU INTRODUCTION 6.01 DIRECTIVE 2001/24/EC ON THE REORGANIZATION AND WINDING-UP OF CREDIT INSTITUTIONS 6.05 CONSULTATION AND PROPOSALS FOR REFORM 6.84 7. INTERNATIONAL LAW PRINCIPLES APPLICABLE TO CROSS-BORDER BANK INSOLVENCY INTRODUCTION 7.01 PRINCIPLES: UNIVERSALITY, TERRITORIALITY, AND A 'MIDDLE GROUND' APPROACH 7.10 IMAGE 3 CONTENTS aIMPLEMENTATION OF THESE PRINCIPLES 7.35 CONCLUSIONS 7.60 8. THE ELEMENTS OF COORDINATION IN INTERNATIONAL CORPORATE INSOLVENCIES: WHAT CROSS-BORDER BANK INSOLVENCY CAN LEARN FROM CORPORATE INSOLVENCY BACKGROUND 8.05 THE MODEL LAW 8.11 JUST A BIT OF THEORY AND POLICY 8.16 CORPORATE GROUPS 8.18 THE KEY ELEMENTS IN THE GROWTH OF COOPERATION 8.23 THE CORPORATE EXPERIENCE AS IT RELATES TO BANKING 8.29 CONCLUSION 8.56 9. INTERNATIONAL DEVELOPMENTS INTRODUCTION 9.01 INTERNATIONAL INITIATIVES: THE IMF AND THE BASEL CROSS-BORDER BANK RESOLUTION GROUP 9.12 THE UNCITRAL MODEL LAW ON CROSS-BORDER INSOLVENCY 9.29 CONCLUDING OBSERVATIONS 9.146 10. THE PERIMETER ISSUE: TO WHAT EXTENT SHOULD LEX SPECIALIS BE EXTENDED TO SYSTEMICALLY SIGNIFICANT FINANCIAL INSTITUTIONS? AN EXIT STRATEGY FROM TOO BIG TO FAIL INTRODUCTION 10.01 TOO BIG TO FAIL IS DOUBLY DAMNED 10.04 IDENTIFYING SSFIS 10.17 RESOLUTION 10.29 REGULATION AND SUPERVISION 10.54 OTHER MEASURES TO DEAL WITH SSFIS 10.66 NON-BANK SSFIS 10-73 POLICING THE PERIMETER 10-78 SYSTEMIC RISK AND THE TOO-BIG-TO-FAIL PROBLEM 10.82 CONCLUDING OBSERVATIONS 10.108 XXI IMAGE 4 CONTENTS 11 . ENDING TOO BIG TO FAIL: PRACTICAL RESOLUTION ALTERNATIVES FOR FINANCIAL CONGLOMERATES WHY ARE INSOLVENCY RULES CRUCIAL? 11 -08 RISKY BUSINESS 11.12 ENDING TOO BIG TO FAIL: RESOLUTION RULES FOR CONGLOMERATES 11.19 NECESSITY FOR PREPARATION AND COORDINATION 11.60 CONTINUITY FOR FUNCTIONS, NOT FIRMS 11.69 CORPORATE STRUCTURAL REFORM 11.97 AUTHORITIES' OPERATIONAL POLICIES 11.99 CONCLUSION 11.103 12. OPERATIONAL ISSUES INTRODUCTION 12.01 PLANNING IN THE EVENT OF FIRM FAILURE 12.04 FUNDING RUNS: DEPOSITS AND WHOLESALE 12.18 INVESTMENT FIRM CLIENT PROPERTY 12.24 COUNTERPARTY CREDIT RISK MITIGATION 12.45 COUNTERPARTY CREDIT RISK: NETTING 12.46 COUNTERPARTY CREDIT RISK: SECURITIES COLLATERAL 12.60 COUNTERPARTY CREDIT RISK: CLEARING AND SETTLEMENT 12.81 CONCLUSION 12.88 13. BANK INSOLVENCY AND SOVEREIGN INSOLVENCY STATE RESPONSIBILITY FOR PRIVATE DEBT 13.10 aTHE COLLAPSE OF THE CREDITANSTALT IN 1931 13.34 ICELAND'S BANKING CRISIS 13.43 THE RESOLUTION OF SOVEREIGN DEBT CRISES 13.63 TOO BIG TO FAIL: BANK SIZE AND SOVEREIGN FISCAL CAPACITY 13.78 THE FISCAL COST OF IMPLICIT GUARANTEES FOR THE FINANCIAL SECTOR 13.94 14. BANK INSOLVENCY LAW IN THE UNITED KINGDOM THE REGULATOR)' BACKGROUND AND EVOLUTION FROM NORTHERN ROCK 14.05 OVERVIEW OF THE BANKING ACT 14.12 XXN IMAGE 5 CONTENTS THE SRR OBJECTIVES AND THE TREASURY CODE OF PRACTICE 14.21 SRR STABILIZATION POWERS AND GENERAL CONDITIONS 14.26 SRR STABILIZATION OPTION 1: TRANSFER TO A PRIVATE SECTOR PURCHASER 14.35 SRR STABILIZATION OPTION 2: TRANSFER TO A BRIDGE BANK 14.51 SRR STABILIZATION OPTION 3: TRANSFER TO TEMPORARY PUBLIC OWNERSHIP 14.66 BANK INSOLVENCY 14.91 BANK ADMINISTRATION 14.109 SRR SAFEGUARDS 14.122 RECOVERY AND RESOLUTION PLANS 14.137 CONCLUSION 14.149 15. US BANK RESOLUTION REFORM: THEN AND AGAIN INTRODUCTION 15.01 REFORMS TO US RESOLUTION REGIME FOLLOWING THE S&L CRISIS 15.03 PERFORMANCE OF THE 1990S REFORMS IN THE 2008 FINANCIAL CRISIS 15.09 THE NEW VIEW OF SYSTEMIC RISK AND PRUDENTIAL REGULATION 15.28 RESOLUTION REFORM IN THE USA 15.32 REFORM FORTROUBLED INSTITUTIONS THEN AND AGAIN 15.46 CONCLUSION 15.54 16. INTERNATIONAL LESSONS FROM LEHMAN'S FAILURE: A CROSS-BORDER NO MAN'S LAND OVERVIEW 16.01 INTRODUCTION 16.04 REGULATORY HOLES AND DISTANT EARLY WARNINGS 16.15 CONCLUSION 16.53 APPENDIX. INTERNATIONAL MONETARY FUND: RESOLUTION OF CROSS-BORDER BANKS-A PROPOSED FRAMEWORK FOR ENHANCED COORDINATION 449 INDEX 477 XXIN cVR: XV Dg: 38mBOOK aVRH50bMPVRHcInstitutsbibliothekdVR: XV Dg: 38eunavailabletNicht verfügbarf1g1hNi2jBIBki