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Bank exit legislation in US, EU and Japanese financial centres

Author

Listed:
  • Peik Granlund

    (Bank of Finland)

Abstract

This 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.

Suggested Citation

  • Peik Granlund, 2004. "Bank exit legislation in US, EU and Japanese financial centres," Finance 0405015, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpfi:0405015
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    References listed on IDEAS

    as
    1. Markku Lanne, 2006. "Nonlinear dynamics of interest rate and inflation," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 21(8), pages 1157-1168, December.
    2. Granlund, Peik, 2002. "Bank exit legislationin US, EU and Japanese financial centres," Research Discussion Papers 25/2002, Bank of Finland.
    3. Niskanen, Mikko, 2002. "Lender of last resort and the moral hazard problem," Research Discussion Papers 17/2002, Bank of Finland.
    4. Evans, George W. & Honkapohja, Seppo, 2007. "Policy Interaction, Learning, And The Fiscal Theory Of Prices," Macroeconomic Dynamics, Cambridge University Press, vol. 11(5), pages 665-690, November.
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    11. Honkapohja, Seppo & Mitra, Kaushik, 2005. "Performance of monetary policy with internal central bank forecasting," Journal of Economic Dynamics and Control, Elsevier, vol. 29(4), pages 627-658, April.
    12. Keloharju, Matti & Malkamäki, Markku & Nyborg, Kjell G. & Rydqvist, Kristian, 2002. "A Descriptive analysis of the finnish treasury bond market 1991-1999," Research Discussion Papers 16/2002, Bank of Finland.
    13. Schmiedel, Heiko, 2002. "Total factor productivity growth in European stock exchanges : A non-parametric frontier approach," Research Discussion Papers 11/2002, Bank of Finland.
    14. Brunila, Anne, 2002. "Fiscal policy : Coordination, discipline and stabilisation," Research Discussion Papers 7/2002, Bank of Finland.
    15. Vilmunen, Jouko, 2002. "Dynamics of investment behaviour in Finland : Aggregate and firm level evidence," Research Discussion Papers 22/2002, Bank of Finland.
    16. Iftekhar Hasan & Sudipto Sarkar, 2002. "Banks' option to lend, interest rate sensitivity, and credit availability," Review of Derivatives Research, Springer, vol. 5(3), pages 213-250, October.
    17. Honkapohja, Seppo & Mitra, Kaushik, 2005. "Performance of monetary policy with internal central bank forecasting," Journal of Economic Dynamics and Control, Elsevier, vol. 29(4), pages 627-658, April.
    18. Leong, Kenneth, 2002. "Reconciling the new keynesian model with observed persistence," Research Discussion Papers 19/2002, Bank of Finland.
    19. Francis, Bill B. & Hasan, Iftekhar & Hunter, Delroy M., 2002. "Return-volatility linkages in the international equity and currency markets," Bank of Finland Research Discussion Papers 9/2002, Bank of Finland.
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    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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