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Research Handbook on Crisis Management in the Banking Sector
In this timely Handbook, over 30 prominent academics, practitioners and regulators from across the globe provide in-depth insights into an area of law that the recent global financial crisis has placed in the spotlight: bank insolvency law.
More Information
Critical Acclaim
Contributors
Contents
More Information
In this timely Handbook, over 30 prominent academics, practitioners and regulators from across the globe provide in-depth insights into an area of law that the recent global financial crisis has placed in the spotlight: bank insolvency law.
Research Handbook on Crisis Management in the Banking Sector discusses the rules that govern a bank insolvency from the perspectives of the various parties that are affected by these rules. Thus, whilst many bank insolvency rules have been enacted only recently and their application is still clouded by a host of uncertainties, this book takes the perspectives of the relevant authorities, of the bank and of the bank’s counterparties.
Providing a comprehensive approach to crisis management in the banking sector, this Handbook will prove a valuable resource for academics, postgraduate students, practitioners and international policymakers.
Research Handbook on Crisis Management in the Banking Sector discusses the rules that govern a bank insolvency from the perspectives of the various parties that are affected by these rules. Thus, whilst many bank insolvency rules have been enacted only recently and their application is still clouded by a host of uncertainties, this book takes the perspectives of the relevant authorities, of the bank and of the bank’s counterparties.
Providing a comprehensive approach to crisis management in the banking sector, this Handbook will prove a valuable resource for academics, postgraduate students, practitioners and international policymakers.
Critical Acclaim
‘This volume is the definitive work on banking sector crisis management. It covers all recent legislative developments and it provides cognate analysis by leading experts on matters covering the whole spectrum of bank crisis management, ranging from early intervention and provision of emergency liquidity assistance by the central bank to group resolution and the workings of the Single Resolution Mechanism. Additionally, country reports of all major jurisdictions such as Australia, the US, UK, Germany, Japan and China provide comprehensive overviews of the current state. It will prove an invaluable companion to all those seeking to demystify this most complex area of legal and regulatory practice.’
– Emilios Avgouleas, University of Edinburgh, UK
– Emilios Avgouleas, University of Edinburgh, UK
Contributors
Contributors: J. Adriaanse, D. Bernstein, V. Borger, A. Bornemann, W. Bosma, A. Campbell, A. Carr, B. Clarke, P. Davies, T. Dijkhuizen, P. Durban, J. Gabilondo, F. Garcimartín, M. Haentjens, T. Hayashi, T.F. Huertas, B.P.M. Joosen, S. Kaltsouni, Q. Kong, R. Mason, P. Moffatt, M. Murray, P. Rank, J.-P. van der Rest, M.I. Saez, R.A. Sahni, M. Schillig, D. Schoenmaker, J. Sluysmans, M. Timmer, N. van Triet, V. Troiano, T. Verdoes, L. Verrill, B. Wessels, S. Yonghui, G.S. Zavvos
Contents
Contents:
PART I INTRODUCTORY CHAPTERS
1. Too Big to Fail: A Policy’s Beginning, Middle and End (?)
Thomas F. Huertas
2. Central Banks, Systemic Lending, and Collateral Markets
José Gabilondo
3. A Fiscal Backstop to the Banking System
Dirk Schoenmaker
4. Large Scale Bank Insolvencies and the Challenges Ahead
Andrew Campbell and Paula Moffatt
PART II EU AUTHORITIES PERSPECTIVE
5. The EU Resolution Toolbox
Michael Schillig
6. Cross-border Cooperation between Resolution Authorities in the BRRD
Vincenzo Troiano
7. The Single Resolution Mechanism in the European Banking Union: Legal Foundation, Governance Structure and Financing
George S. Zavvos and Stella Kaltsouni
8. The European Stability Mechanism, A Crisis Tool Operating at Two Junctures
Vestert Borger
PART III BANK PERSPECTIVE
9. Regulatory Capital Requirements and Bail in Mechanisms
Bart P.M. Joosen
10. Rescuing Banks in Crisis: Towards a Theoretical Turnaround Management Perspective
Jan Adriaanse, Jean-Pierre van der Rest and Tim Verdoes
11. Resolution of Cross-border Groups
Paul Davies
12. Bank Structural Reform: Too Big to Fail, Too Big to Save and Too Complex to Manage, Supervise and Resolve?
Alexandria Carr
13. Implications for the Corporate Governance Structures of Banks
Tom Dijkhuizen
PART IV COUNTERPARTY PERSPECTIVE
14. Set-off, Netting and Close-out Netting
Francisco Garcimartín and Maria Isabel Saez
15. Deposit Guarantee Schemes
Blanaid Clarke
16. Legal and Operational Segregation of Securities: Derivatives and Cash
Matthias Haentjens and Pim Rank
17. The Rule of Law: Protection of Property
Jacques Sluysmans, Willem Bosma, Matthijs Timmer and Nikky van Triet
PART V COUNTRY REPORTS
18. Australia
Rosalind Mason and Michael Murray
19. China
Qingjiang Kong and Sun Yinghui
20. Germany
Alexander Bornemann
21. Japan: Regulatory Development of the Banking Resolution Regime
Tomoaki Hayashi
22. United Kingdon (England and Wales)
Louise Verrill and Paul Durban
23. United States
Donald Bernstein and Reena Agrawal Sahni
PART VI CONCLUSIONS
24. Conclusions
Matthias Haentjens and Bob Wessels
Index
PART I INTRODUCTORY CHAPTERS
1. Too Big to Fail: A Policy’s Beginning, Middle and End (?)
Thomas F. Huertas
2. Central Banks, Systemic Lending, and Collateral Markets
José Gabilondo
3. A Fiscal Backstop to the Banking System
Dirk Schoenmaker
4. Large Scale Bank Insolvencies and the Challenges Ahead
Andrew Campbell and Paula Moffatt
PART II EU AUTHORITIES PERSPECTIVE
5. The EU Resolution Toolbox
Michael Schillig
6. Cross-border Cooperation between Resolution Authorities in the BRRD
Vincenzo Troiano
7. The Single Resolution Mechanism in the European Banking Union: Legal Foundation, Governance Structure and Financing
George S. Zavvos and Stella Kaltsouni
8. The European Stability Mechanism, A Crisis Tool Operating at Two Junctures
Vestert Borger
PART III BANK PERSPECTIVE
9. Regulatory Capital Requirements and Bail in Mechanisms
Bart P.M. Joosen
10. Rescuing Banks in Crisis: Towards a Theoretical Turnaround Management Perspective
Jan Adriaanse, Jean-Pierre van der Rest and Tim Verdoes
11. Resolution of Cross-border Groups
Paul Davies
12. Bank Structural Reform: Too Big to Fail, Too Big to Save and Too Complex to Manage, Supervise and Resolve?
Alexandria Carr
13. Implications for the Corporate Governance Structures of Banks
Tom Dijkhuizen
PART IV COUNTERPARTY PERSPECTIVE
14. Set-off, Netting and Close-out Netting
Francisco Garcimartín and Maria Isabel Saez
15. Deposit Guarantee Schemes
Blanaid Clarke
16. Legal and Operational Segregation of Securities: Derivatives and Cash
Matthias Haentjens and Pim Rank
17. The Rule of Law: Protection of Property
Jacques Sluysmans, Willem Bosma, Matthijs Timmer and Nikky van Triet
PART V COUNTRY REPORTS
18. Australia
Rosalind Mason and Michael Murray
19. China
Qingjiang Kong and Sun Yinghui
20. Germany
Alexander Bornemann
21. Japan: Regulatory Development of the Banking Resolution Regime
Tomoaki Hayashi
22. United Kingdon (England and Wales)
Louise Verrill and Paul Durban
23. United States
Donald Bernstein and Reena Agrawal Sahni
PART VI CONCLUSIONS
24. Conclusions
Matthias Haentjens and Bob Wessels
Index
