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hierarchy of creditors (starting with banks' shareholders) that protects small depositors …
Persistent link: https://www.econbiz.de/10013538293
(BRRD) into their national law. A key element of the new powers is the bail-in tool, requiring banks to recapitalize and … of how some EU countries tackled the resolution of several failing European banks. The focus of the case studies is on … authors hope that, nevertheless, these real life examples of European banks' resolutions provide a useful and interesting …
Persistent link: https://www.econbiz.de/10012247960
Micro and small enterprise (MSME) insolvency is particularly likely to impact not only the business, but also the … frequently in the context of corporate insolvency. This report refines and expands on the earlier deliberations of the Insolvency … and Creditor or Debtor Regimes Task Force (ICR Task Force) regarding the optimal approaches for treating MSME insolvency …
Persistent link: https://www.econbiz.de/10012645571
In the last three years, household debt has risen by a third as disposable income declined. Declining interest rates, ease of access to credit for consumers and poorly regulated microfinance lending practices led to fast growth in consumer debt. Consumer lending in the banking and microfinance...
Persistent link: https://www.econbiz.de/10012646968
The World Bank Group assessed the insolvency and creditor/debtor regimes ('ICR') of Bulgaria pursuant to the joint IMF … rather comprehensive but in practice insolvency proceedings are not working effectively. This report tries to contribute to …
Persistent link: https://www.econbiz.de/10012247258
Micro, small, and medium enterprises (MSMEs) are among the largest commercial users of insolvency systems. MSMEs are a … insolvencies. However, there are a very few specialized legal regimes for MSME insolvency; most jurisdictions treat MSME … challenges of MSME insolvency; and considers if existing international standards are sufficient to address MSME insolvency …
Persistent link: https://www.econbiz.de/10012247946
The Financial Sector's Cybersecurity: Regulation and Supervision identifies prevalent concepts and practices and presents them in a way for financial sector authorities to consider and apply to their respective jurisdictions. Starting with the debate of whether cyber-specific regulations are...
Persistent link: https://www.econbiz.de/10012645257
This report provides an assessment of the current state of development of financial safety nets and bank resolution frameworks in eight countries in southern Africa (Botswana, Eswatini [formerly Swaziland], Lesotho, Mozambique, Namibia, South Africa, Zambia, and Zimbabwe). It has been prepared...
Persistent link: https://www.econbiz.de/10012646076
This report is a stock-take of the state of prudential regulation and supervision of fintech. It focuses on prudential questions related to three primary products-transaction accounts (deposits and e-money accounts), credit, and payments. As such, the report covers e-money providers, P2P...
Persistent link: https://www.econbiz.de/10012646858
The paper will focus on the resolution frameworks of a sample of 12 countries taken from 6 regions. The review of the sample countries is used to analyze issues that may be relevant for other countries and to discuss potential challenges faced in implementing effective safeguards. The remainder...
Persistent link: https://www.econbiz.de/10012647173