On 6 June 2012 the Commission published its long awaited Proposal for a Directive of the European Parliament and of the Council establishing a framework for the recovery and resolution of credit institutions and investment firms. The envisaged regime rests on ‘three pillars': (i) preparatory...

Pursuant to the Commission's draft Directive of 6 June 2012, the slowly emerging EU framework for the recovery and resolution of credit institutions and investment firm rests on ‘three pillars': (i) preparatory and preventive measures; (ii) early intervention; and (iii) resolution tools and...

Recent credit difficulties have revealed the potential inadequacies of UK insolvency regimes applicable to credit institutions, prompting the UK regulatory authorities to consult on the possibility of insolvency reform. This article discusses the recent credit crisis, considers the US bank...