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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
The 2007 financial crisis has exposed major weaknesses in global financial systems, including the threat to financial stability posed by banks that were too big, interconnected and complex to be closed or go bankrupt. As a result, many banks have been rescued using public support, allowing for...
Persistent link: https://www.econbiz.de/10012247959
, capital injections, liquidity supports, and the creation of asset management vehicles to put the bail-in into perspective. The …
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 personal and family life of the owner-operator(s) of such businesses, raising particular concerns that apply much less frequently in the context of corporate insolvency. This report...
Persistent link: https://www.econbiz.de/10012645571
The World Bank Group assessed the insolvency and creditor/debtor regimes ('ICR') of Bulgaria pursuant to the joint IMF/World Bank initiative on the observance of standards and codes ('ROSC'). The assessment has been undertaken on the basis of the ICR Standard. The conclusions in this assessment...
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 significant part of the global economy - and just as there are large numbers of MSMEs, there are large numbers of MSME insolvencies. However, there are a very few specialized...
Persistent link: https://www.econbiz.de/10012247946
The Croatian banking sector is still burdened with a high portion of Non-Performing Loans, which must be resolved in order to support normalized credit conditions in the economy. With Non-Performing Loans (NPL) amounting to 16.6 of total loans at the end of 2015 and as much as 30 of loans in the...
Persistent link: https://www.econbiz.de/10012248561
. Actions taken by the GoP in financial management of disaster risk are consistent with law 34 of June 5, 2008, the law on … integrated framework of fiscal risk management; (ii) ensure that governments have access to immediate funds following a disaster …: (i) identification, quantification, and understanding of fiscal risk due to disasters; (ii) incorporation of disaster …
Persistent link: https://www.econbiz.de/10012564414
comprehensive disaster risk financing and insurance strategy that would equip the Ministry of Finance with additional instruments to …
Persistent link: https://www.econbiz.de/10012644351
This disaster risk financing country note for Serbia provides an overview of the way its government currently finances … risk management and financing. Chapter four is a review of the public financial management of disasters in Serbia …, including ex ante and ex post disaster risk financing and insurance (DRFI) instruments currently in use for budget mobilization …
Persistent link: https://www.econbiz.de/10012644755