BIP: Difference between revisions
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imported>Doug Williamson (Create the page. Source: Bank of England http://www.bankofengland.co.uk/financialstability/Documents/resolution/apr231014.pdf) |
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Revision as of 12:27, 29 October 2016
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.
