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International Bank Insolvencies : A Central Bank Perspective :  A Central Bank Perspective - Mario Giovanoli

International Bank Insolvencies : A Central Bank Perspective

A Central Bank Perspective

By: Mario Giovanoli (Editor), Gregor Heinrich (Editor)

Hardcover Published: September 1999
ISBN: 9789041197283
Number Of Pages: 432

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The globalisation of the world economy poses significant challenges for policy makers, regulators and legal professionals. The Asian and Brazilian financial crises have shown that difficulties in the banking sectors of some economies can have serious repercussions across world financial markets.It is clear that a sound legal infrastructure is crucial to promote financial stability in this global market. Particularly in the case of international bank failures, the need for harmonised and effective international insolvency procedures is becoming increasingly apparent.It is against this background that the Bank for International Settlements organised a workshop on International Bank Insolvencies in the summer of 1998. This unique book presents the edited workshop papers by expert lawyers from over twenty national central banks, the European Central Bank, the Basle Committee on Banking Supervision and the UN Commission on International Trade Law. Nineteen country reports provide a comprehensive overview of central banks and other institutions responsible for banking supervision and the co-ordination between authorities involved in insolvency procedures. The authors further discuss the instruments employed for crisis prevention and resolution and issues arising in the aftermath of a bank failure in the respective jurisdictions. In addition, twelve expert papers discuss issues ranging from specific national experiences to attempts at co-operation and harmonisation at regional and international level. The book further includes in an annex the text of the UNCITRAL Model Law on Cross-Border Insolvency and the EC Finality Directive.

Sponsoring Organizations
Preface
Acknowledgements
Table of Cases
Table of National Legislation
Table of EU Treaties, Statutes and Secondary Legislation
Questionnaire for National Reportsp. 3
Australiap. 5
Austriap. 15
Brazilp. 27
Canadap. 35
Francep. 55
Hong Kongp. 67
Indiap. 95
Italyp. 105
Japanp. 117
Koreap. 141
Mexicop. 151
Norwayp. 163
Russiap. 189
Saudi Arabiap. 197
Spainp. 199
Swedenp. 207
Switzerlandp. 213
United Kingdomp. 237
United Statesp. 259
Welcome Addressp. 281
Role and Functions of Authorities: Supervision, Insolvency Prevention and Liquidationp. 283
Central Banks with Supervisory Functions: The Example of Spainp. 293
Management Intervention as a Tool for Crisis Prevention: The Norwegian Act of 6 December 1996 on Guarantee Schemes for Banks and Public Administrationp. 295
The Use of Securitization to Mobilize Liquidity and in Particular the Use of Specialized Mortgage Corporationsp. 301
Specific Cross-Border Problems Regarding Bank Insolvencies and European Harmonization Effortsp. 311
Recent Polish Legislative Steps to Achieve Certainty with Regard to International Financial Contractsp. 327
Cooperation of Supervisory Authorities and Possible Harmonization of Applicable Rulesp. 331
The UNCITRAL Model Law on Cross-Border Insolvencyp. 337
The Aftermath of an International Bank Insolvency: Introductory Remarksp. 347
Cushioning the Effects of Bank Insolvencies: Lessons from the Japanese Experiencep. 349
Collateral in European System of Central Banks Credit Operationsp. 355
Supervisory Liability: An Introduction to Several Legal Systems and a Case Studyp. 363
UNCITRAL Model Law on Cross-Border Insolvencyp. 387
Directive 98/26/EC of the European Parliament and of the Council on Settlement Finality in Payment and Securities Settlement Systemsp. 397
List of Contributorsp. 405
Participants in the Workshopp. 411
Indexp. 413
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9789041197283
ISBN-10: 9041197281
Series: International Banking, Finance and Economic Law Series Set
Audience: General
Format: Hardcover
Language: English
Number Of Pages: 432
Published: September 1999
Country of Publication: NL
Dimensions (cm): 23.39 x 15.6  x 2.69
Weight (kg): 0.84

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