Home | Databases | WorldLII | Search | Feedback Edited Legal Collections Data

Haentjens, Matthias; Wessels, Bob --- "Introduction to the Research Handbook on Cross-Border Bank Resolution" [2019] ELECD 1622; in Haentjens, Matthias; Wessels, Bob (eds), "Research Handbook on Cross-Border Bank Resolution" (Edward Elgar Publishing, 2019) xvii

Book Title: Research Handbook on Cross-Border Bank Resolution

Editor(s): Haentjens, Matthias; Wessels, Bob

Publisher: Edward Elgar Publishing

Section Title: Introduction to the Research Handbook on Cross-Border Bank Resolution

Author(s): Haentjens, Matthias; Wessels, Bob

Number of pages: 2

Extract:

Introduction to the Research Handbook on
Cross-Border Bank Resolution
Matthias Haentjens and Bob Wessels



Crisis Management in the Banking Sector, the previous research hand-
book in this series we edited, was published in 2015. In the preface to
that book, we noted that "it has been a huge challenge for all of us to
keep pace with the on-going developments in the field of bank insolvency
law". Indeed, much has happened since then. Most importantly, the dust
of the Global Financial Crisis seems to have settled 10 years after, which
was different when we edited and wrote our previous book. Where before
and at the earliest stages of the Crisis, few jurisdictions across the globe
had a specialist regime for bank insolvencies, many now have introduced
ones. These new bank insolvency regimes oftentimes have been inspired
by the recommendations of international standard setters such as the
Financial Stability Board and the Bank for International Settlements.
Consequently, these new regimes tend to share common characteristics,
which should be conducive to a smooth resolution of a cross-border
operating bank. As a notable example, the legal framework for the
recovery and resolution of banks has been harmonised throughout the
European Union, while the management of resolution has even been
centralized for cross-border operating banks in the Eurozone Member
States.
Where our previous book was a collection of papers addressing crisis
management of failing banks generally, the present book zooms in on the
more specific topic of the restructuring and ...