Recovery: Difference between revisions
imported>Doug Williamson (Expanded definition in line with Glossary) |
imported>Doug Williamson (Expand stub to incorporate the whole economy context and non-financial corporates, as well as banks.) |
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* [[Credit rating]] | * [[Credit rating]] | ||
* [[Insolvency]] | * [[Insolvency]] | ||
* [[Recession]] | |||
* [[Resolution]] | * [[Resolution]] | ||
[[Category:Risk_frameworks]] | [[Category:Risk_frameworks]] | ||
[[Category:Treasury_operations_infrastructure]] | [[Category:Treasury_operations_infrastructure]] | ||
Revision as of 15:06, 26 November 2014
1.
Phase of a business cycle, following a recession, where there is an increase in economic activity.
2. Bank recovery.
The process of returning a bank to acceptable financial health if it is threatened with circumstances or events that may cause the failure of the institution or group unless recovery measures are implemented in a timely manner. Recovery is achieving this without imposing losses on the distressed firm's creditors.
If recovery is unavailable, "resolution" will be necessary.
The speed with which financial firms can lose their credit standing is so great that in considering the subject it is very often referred to as bank "recovery and resolution".
3.
More generally,a process in which a firm facing financial difficulties is returned to acceptable financial health without imposing losses on the distressed firm's creditors.
