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The Need for Special Resolution Regimes for Financial Institutions—The Case of the European Union

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  • Martin Cihak
  • Erlend Nier

Abstract

The global financial crisis has demonstrated weaknesses in resolution regimes for financial institutions around the globe, including in the European Union (EU). This paper considers the principles underlying resolution regimes for financial institutions, and draws out how a well-designed resolution regime can expand the toolset available for crisis management. Introducing, or in some cases expanding the scope, of these regimes is pressing to achieve more effective responses to ongoing financial sector weaknesses across the EU.

Suggested Citation

  • Martin Cihak & Erlend Nier, 2009. "The Need for Special Resolution Regimes for Financial Institutions—The Case of the European Union," IMF Working Papers 09/200, International Monetary Fund.
  • Handle: RePEc:imf:imfwpa:09/200
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    Citations

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    Cited by:

    1. Maria J. Nieto & Gillian G. Garcia, 2012. "The Insufficiency of Traditional Safety Nets: What Bank Resolution Fund for Europe?," FMG Special Papers sp209, Financial Markets Group.
    2. repec:eee:jimfin:v:77:y:2017:i:c:p:117-142 is not listed on IDEAS
    3. Merrouche, Ouarda & Nier, Erlend, 2014. "The Global Financial Crisis—What Drove The Build-Up?," CEPR Discussion Papers 10015, C.E.P.R. Discussion Papers.
    4. Matej Marinc & Razvan Vlahu, 2011. "The Economic Perspective of Bank Bankruptcy Law," DNB Working Papers 310, Netherlands Central Bank, Research Department.

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