Recovery: Difference between revisions
imported>Doug Williamson m (Added managing risk to categories - 26/3/14) |
imported>Doug Williamson (Expanded definition in line with Glossary) |
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<i>Bank recovery.</i> | 1. | ||
Phase of a business cycle, following a recession, where there is an increase in economic activity. | |||
2. <i>Bank recovery.</i> | |||
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. | 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. | ||
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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". | 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. | |||
==See also== | ==See also== | ||
* [[Credit rating]] | * [[Credit rating]] | ||
* [[Insolvency]] | |||
* [[Resolution]] | |||
[[Category:Risk_frameworks]] | |||
[[Category:Treasury_operations_infrastructure]] | [[Category:Treasury_operations_infrastructure]] | ||
Revision as of 14:57, 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.
