The resolution of cross-border banks: Issues for deposit insurers and proposals for cooperation
This paper reviews critical legal and policy issues created by cross-border banking insolvencies. These include (I) Insolvency principles, such as (1) criteria for intervention; (2) deposit insurance; (3) power to manage; (4) ability to maximize recoveries. Also included is (II) International legal complications. Critical issues in cross-border crisis management involve: (1) division of labor between home and host countries; (2) the availability of information; (3) the legal, regulatory and supervisory framework; (4) the law governing initiation of proceedings; (5) grounds for intervention; (6) deposit insurance; (7) legal powers of controlling authorities; (8) the potential financial and economic effects. We conclude with a few proposals for cooperation.
When requesting a correction, please mention this item's handle: RePEc:eee:finsta:v:4:y:2008:i:4:p:376-390. See general information about how to correct material in RePEc.
If references are entirely missing, you can add them using this form.