BIP

Bank supervision.

BIP means Bank Insolvency Procedure.

It involves putting the whole of a failing bank into an insolvency process, the primary aim being to allow for the rapid payment of deposits protected by a deposit guarantee scheme.

Protected deposits might be transferred out of the failing bank, to a viable bank.

See also

• BSIP
• Deposit Guarantee Scheme
• Financial Services Compensation Scheme
• Insolvency