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This technical note on Austria focuses on bank resolution and crisis management. This note assesses and makes … recommendations regarding bank resolution and crisis management arrangements. The scope of the assessment includes the institutional … arrangements for recovery, resolution, and crisis management; the supervision of banks' recovery plans; the legal regime for bank …
Persistent link: https://www.econbiz.de/10012178762
Persistent link: https://www.econbiz.de/10003330431
arrangements and focuses on crisis preparedness, including recovery and resolution planning as well as the Reserve Bank of …
Persistent link: https://www.econbiz.de/10011986848
This Technical Assistance Report discusses measures needed to strengthen bank resolution and crisis management …
Persistent link: https://www.econbiz.de/10011913159
The euro area (EA) bank resolution and crisis management arrangements have been strengthened considerably over recent … years, but work remains to complete and unify the regime. The adoption of the Bank Recovery and Resolution Directive (BRRD …
Persistent link: https://www.econbiz.de/10011916091
This technical note analyzes laws, policies, and procedures for bank failure mitigation and resolution, and for … preparation and management of a financial crisis in Malta. It addresses the supervision of bank recovery plans, early intervention … powers in relevant legislation overlap substantially. Actions are needed to support the use of bank resolution powers, and to …
Persistent link: https://www.econbiz.de/10012153849
The U.K. financial sector is globally systemic, open, and complex. It has weathered the COVID-19 pandemic fittingly, thanks to the post-GFC reforms, a proactive macroprudential stance, and an effective multipronged response to maintain financial stability. Brexit uncertainties are being handled...
Persistent link: https://www.econbiz.de/10013168903
Pre-pandemic, Bosnia and Herzegovina's (BiH) economy was growing, but at a pace below the more successful countries in Eastern Europe. The pandemic generated a substantial output contraction in 2020. Early in the pandemic, the authorities successfully implemented restrictions to prevent the...
Persistent link: https://www.econbiz.de/10012516478
The pandemic dealt a severe blow to the Italian people and their economy. GDP fell by nearly 9 percent in 2020, with much larger drops for contact-intensive services. Public and corporate debt increased strongly and preexisting vulnerabilities have likely worsened. The government is prioritizing...
Persistent link: https://www.econbiz.de/10012604038
domestic social unrest, US-China tensions, and the global COVID-19 pandemic, resulting in an unprecedented two consecutive …
Persistent link: https://www.econbiz.de/10012604066