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) |
imported>Doug Williamson (Classify page.) |
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* [[Financial Services Compensation Scheme]] | * [[Financial Services Compensation Scheme]] | ||
* [[Insolvency]] | * [[Insolvency]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
Latest revision as of 15:19, 26 June 2022
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.
