Resolution: Difference between revisions
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imported>Doug Williamson (Link with Bank of England's approach document.) |
imported>Doug Williamson (Link with Resolution weekend page.) |
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* [[Recovery]] | * [[Recovery]] | ||
* [[Cash in the new post-crisis world]] | * [[Cash in the new post-crisis world]] | ||
* [[Resolution weekend]] | |||
=== Other links === | === Other links === | ||
[http://www.bankofengland.co.uk/financialstability/Documents/resolution/apr231014.pdf| The Bank of England's approach to resolution, October 2014] | [http://www.bankofengland.co.uk/financialstability/Documents/resolution/apr231014.pdf| The Bank of England's approach to resolution, October 2014] | ||
Revision as of 21:15, 8 November 2015
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
- Resolution Authority
- Liquidation and Payout
- Insolvency
- OLA
- Key Attributes
- Bailin
- Recovery
- Cash in the new post-crisis world
- Resolution weekend
