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Better Resolution

In: Crisis: Cause, Containment and Cure

Author

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  • Thomas F. Huertas

Abstract

Wretched resolution compounded the crisis (see Chapter 4), and reforming resolution holds the key to preventing future crises. Resolution policy determines what governments will protect, and what losses creditors of financial institutions, such as depositors and i nsurance policyholders, can expect, if a financial firm gets into difficulty. Resolution policy also determines when governments will intervene, and this intervention point effectively determines the minimum prudential standards for capital and/or liquidity. Formulating and adhering to a policy that is politically and economically consistent over time is crucial, if future crises are to be avoided.

Suggested Citation

  • Thomas F. Huertas, 2010. "Better Resolution," Palgrave Macmillan Books, in: Crisis: Cause, Containment and Cure, chapter 7, pages 109-122, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-27743-4_8
    DOI: 10.1057/9780230277434_8
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