Bank exit legislation in US, EU and Japanese financial centres
AbstractThis paper analyses bank exit (ie reorganisation and liquidation) legislation in selected financial centres: New York, London, Frankfurt, Helsinki and Tokyo. The focus is on bank exit legislation applicable to commercial banks. The legislation is analysed from the perspective of bank stakeholders, ie bank creditors, depositors and bank shareholders. The analysis is restricted to those legislative provisions that provide security and rights for stakeholders in case of bank exit. In addition to current conditions, the paper covers the main legislative changes of the latter part of the 1990s.
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Bibliographic InfoPaper provided by Bank of Finland in its series Research Discussion Papers with number 25/2002.
Length: 108 pages
Date of creation: 30 Sep 2002
Date of revision:
bank; regulation; supervision; reorganisation; liquidation;
Find related papers by JEL classification:
- G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
- K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law
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