Strengthening Safeguards in Bank Resolution Frameworks in Emerging and Developing Countries
This paper takes a closer look at why safeguards are needed in bank resolution frameworks and how the principles included in a subset of the key attributes are expected to protect third party rights. Through a review of a set of issues encountered across a sample of 12 emerging and developing countries from 6 regions, the authors seek to highlight areas where safeguards may not easily be implemented, highlighting the potential need for legislative amendments, or a thorough review of administrative procedures, and or significant capacity development of the judicial profession.
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| Main Authors: | , , |
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| Format: | Working Paper biblioteca |
| Language: | English |
| Published: |
World Bank, Washington, DC
2020-05
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| Subjects: | BANK RESOLUTION FRAMEWORK, BANKING REGULATION, FINANCIAL SAFEGUARDS, EMERGING MARKET ECONOMIES, FINANCIAL INFRASTRUCTURE, BANKING SECTOR REFORM, CREDITOR RIGHTS, |
| Online Access: | http://documents.worldbank.org/curated/en/532431590557275632/Strengthening-Safeguards-in-Bank-Resolution-Frameworks-in-Emerging-and-Developing-Countries https://hdl.handle.net/10986/33827 |
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| Summary: | This paper takes a closer look at why
safeguards are needed in bank resolution frameworks and how
the principles included in a subset of the key attributes
are expected to protect third party rights. Through a review
of a set of issues encountered across a sample of 12
emerging and developing countries from 6 regions, the
authors seek to highlight areas where safeguards may not
easily be implemented, highlighting the potential need for
legislative amendments, or a thorough review of
administrative procedures, and or significant capacity
development of the judicial profession. |
|---|