Bank and Resolution: Difference between pages

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1.  
<i>Bank resolution.</i>


A regulated institution offering certain financial services.
The special process of resolving the problem of the actual or threatened insolvency of financial firms.  


In the UK, the banking system includes the Bank of England (the Central Bank), the Commercial Banks, Merchant banks plus branches of foreign banks and National Savings & Investment.
The speed with which value destruction occurs in a failing financial firm means that normal corporate insolvency processes and liquidation are inappropriate for such firms.  


As in normal insolvency, losses will be expected for some creditors.


2.


To deposit (cash, cheques or similar) in a bank or transact business with a bank.
Contrast with ‘[[recovery]]’ in which a firm facing financial difficulties is returned to acceptable financial health without imposing losses on the distressed firm's creditors.  




== See also ==
== See also ==
* [[Asset-backed]]
* [[Resolution Authority]]
* [[Asset-led]]
 
* [[Broker-dealer]]
* [[Liquidation and Payout]]
* [[Building society]]
 
* [[Central bank]]
* [[Insolvency]]
* [[Commercial banks]]
 
* [[DTLB]]
* [[Key Attributes]]
* [[Financial intermediary]]
* [[Glass-Steagall Act]]
* [[HSBC]]
* [[ICB]]
* [[Independent Commission on Banking]]
* [[Liability-led]]
* [[Money market]]
* [[Mutual]]
* [[Private equity house]]
* [[Ring fence]]
* [[Shadow banking]]
* [[Supranational]]
* [[Trading company]]
* [[Vickers Report]]
* [[Volcker Rule]]

Revision as of 10:58, 24 March 2014

Bank resolution.

The special process of resolving the problem of the actual or threatened insolvency of financial firms.

The speed with which value destruction occurs in a failing financial firm means that normal corporate insolvency processes and liquidation are inappropriate for such firms.

As in normal insolvency, losses will be expected for some creditors.


Contrast with ‘recovery’ in which a firm facing financial difficulties is returned to acceptable financial health without imposing losses on the distressed firm's creditors.


See also