The Bank Recovery and Resolution Dir4ective and the Single Resolution Mechanism

preadviezen Nederlandse Vereniging voor Rechtsvergelijkend en Internationaal Insolventierecht (NVRII)/reports Netherlands Association for Comparative and International Insolvency Law (NACIIL) 2014

Omschrijving

The new European rules on bank insolvency seek to prevent future government-funded bailouts. Instead, risks should be internalized by the participants. The rules in the Bank Recovery and Resolution Directive and also the Single Resolution Mechanism seek to mimic the outcome of a normal insolvency procedures, without actually letting a failing institution enter full insolvency procedures. The rules enacted are of critical importance to a healthier and more stable financial sector. This book presents three reports in which the new rules are explained and criticized where needed. Professor Joossen discusses the bail-in mechanisms, while Nuijten analyses the legal protection offered to stakeholders against intervention under the Single Resolution Mechanism - or the lack thereof. Finally, Clancy considers the potential use of the new resolution tools in the context of counterparties, in particular repo and derivative counterparties to a financial institution.
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€ 19,95 binnen Nederland
Schrijver
Nuijten, S.M.C., Joosen, Bart P.M., Clancy, Patrick
Titel
The Bank Recovery and Resolution Dir4ective and the Single Resolution Mechanism
Uitgever
Eleven international publishing
Jaar
2017
Taal
Engels
Pagina's
Gewicht
167 gr
EAN
9789462367166
Afmetingen
240 x 165 x 6 mm
Bindwijze
Paperback

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