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This note elaborates on the recommendations made in the Financial Sector Assessment Program (FSAP) for Nigeria in the areas of contingency planning, crisis management, and bank resolution. It summarizes the findings of the FSAP mission undertaken during September 4 to 19, 2012 and is based upon...
Persistent link: https://www.econbiz.de/10012560063
The emergence of the Coronavirus disease 2019 (COVID-19) pandemic has brought with it a sharp focus on public health services and health systems as well as shed light on the chronic lack of capacity to manage emerging public health risks. Climate change further exacerbates this challenge. In...
Persistent link: https://www.econbiz.de/10012700964
This note is one of a series produced by the World Bank's Governance Global Practice to help client countries address the impact of the Coronavirus disease 2019 (COVID-19) pandemic on their economies and governance structures. Addressed to central governments and the management of individual...
Persistent link: https://www.econbiz.de/10013254911
This note elaborates on the recommendations made in the Financial Sector Assessment Program (FSAP) for Nigeria in the areas of contingency planning, crisis management, and bank resolution. It summarizes the findings of the FSAP mission undertaken during September 4 to 19, 2012 and is based upon...
Persistent link: https://www.econbiz.de/10012560626
The experiences of past financial crises have strengthened the Russian bank resolution framework. The resolution framework has been effective in preserving financial stability. The effectiveness of bank resolution could be improved. Introduction of the full range of resolution powers and...
Persistent link: https://www.econbiz.de/10012246711
"The authors study the effect of reorganization costs on the efficiency of bankruptcy laws. They develop a simple model that predicts that in a regime with high costs, the law fails to achieve the efficient outcome of liquidating unviable businesses and reorganizing viable ones. The authors test...
Persistent link: https://www.econbiz.de/10010522092
Persistent link: https://www.econbiz.de/10010526180
The legal and institutional framework governing creditor rights and insolvency proceedings in Chile reasonably complies … enjoying such instruments use ordinary proceedings whose duration is even longer (3 to 5 years). Insolvency legislation is …, however, is 2 to 3 years. The Insolvency Law also governs judicial reorganization proceedings but classification of creditors …
Persistent link: https://www.econbiz.de/10012559372
The Bank assessed the Mauritius insolvency and creditor rights systems pursuant to a joint IMF-World Bank initiative to … Insolvency and Creditor Rights Systems during 2002. The assessment team interviewed a cross section of country stakeholders …, corporate insolvency and credit risk management and resolution practices. Conclusions in this assessment are based largely on a …
Persistent link: https://www.econbiz.de/10012559382