Resolution: Difference between revisions
imported>Doug Williamson m (Reduced links.) |
imported>Doug Williamson (Add 4th and 5th definitions. Sources: linked pages.) |
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2. <i>Bank | 2. <i>Bank insolvency</i>. | ||
The special process of resolving the problem of the actual or threatened insolvency of financial firms. | The special process of resolving the problem of the actual or threatened insolvency of financial firms. | ||
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:''Adam Richford FCA FCT, Group Treasurer, Renewi, The Treasurer, August 2018, p17.'' | :''Adam Richford FCA FCT, Group Treasurer, Renewi, The Treasurer, August 2018, p17.'' | ||
4. ''Disputes.'' | |||
The conclusion of a dispute. | |||
Sometimes to the satisfaction of all parties, or at least with their agreement to close the matter. | |||
For example, by adjudication or mediation. | |||
5. ''Problem solving.'' | |||
The solving of a problem. | |||
== See also == | == See also == | ||
* [[Adjudication]] | |||
* [[Bailin]] | * [[Bailin]] | ||
* [[Board of directors]] | |||
* [[Board resolution]] | * [[Board resolution]] | ||
* [[Contagion]] | * [[Contagion]] | ||
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* [[Leverage]] | * [[Leverage]] | ||
* [[Liquidation and Payout]] | * [[Liquidation and Payout]] | ||
* [[Mediation]] | |||
* [[OLA]] | * [[OLA]] | ||
* [[Private equity]] | * [[Private equity]] (PE) | ||
* [[Purchase and Assumption]] | * [[Purchase and Assumption]] | ||
* [[Recovery]] | * [[Recovery]] | ||
Revision as of 21:51, 25 March 2021
1. Decision making.
A formal decision of a body such as a board of directors, recorded in writing.
2. Bank insolvency.
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.
Resolution is the orderly failure of a firm, under the control of the resolution authority.
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.
3. Non-financial firms.
Similar processes for resolving the problem of actual or threatened insolvency of a non-financial firm.
Reverse takeover
- "I joined Gala Coral Group, which was a high-leveraged private equity (PE) business.
- This was my first group treasurer position supporting the resolution of a defaulted propco structure, the disposal of the Gala Bingo business and PE exit scenarios, including the eventual reverse takeover of Ladbrokes."
- Adam Richford FCA FCT, Group Treasurer, Renewi, The Treasurer, August 2018, p17.
4. Disputes.
The conclusion of a dispute.
Sometimes to the satisfaction of all parties, or at least with their agreement to close the matter.
For example, by adjudication or mediation.
5. Problem solving.
The solving of a problem.
See also
- Adjudication
- Bailin
- Board of directors
- Board resolution
- Contagion
- Default
- Directive
- Exit
- Financial stability
- Insolvency
- Key Attributes
- Leverage
- Liquidation and Payout
- Mediation
- OLA
- Private equity (PE)
- Purchase and Assumption
- Recovery
- Resolution Authority
- Resolution plan
- Resolution weekend
- Reverse takeover
