Bank exit legislationin US, EU and Japanese financial centres
Granlund, Peik (01.10.2002)
Numero
25/2002Julkaisija
Suomen Pankki
2002
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:bof-20140807143Tiivistelmä
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. Key words: bank, regulation, supervision, reorganisation, liquidation JEL classification numbers: G28, K23