Resolution: Difference between revisions
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imported>Doug Williamson (Link with Resolution weekend page.) |
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Contrast with ‘[[recovery]]’ in which a firm facing | Contrast with ‘[[recovery]]’ in which a financial firm facing difficulties is returned to acceptable financial health without imposing losses on the distressed firm's creditors. | ||
Revision as of 21:01, 4 August 2016
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 financial firm facing 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
