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The Reserve Bank of New Zealand's Creditor Recapitalization (BCR) Project: An Option for Resolving Large Banks?

In: Systemic Financial Crises Resolving Large Bank Insolvencies

Author

Listed:
  • Ian Harrison

    (Reserve Bank of New Zealand, New Zealand)

Abstract

The following sections are included:IntroductionThe BCR OptionDeveloping the OptionThe Structure of the BCR ProcessImposition of statutory management and closure of the bankImposition of the haircut on transactions accounts and term depositsThe failed bank reopens for core transactions businessImposition of the haircut and other liabilitiesDecisions on future operations and restructuring pathAn Example of a BCRRisks in Implementing a BCRThe Status of the BCR

Suggested Citation

  • Ian Harrison, 2005. "The Reserve Bank of New Zealand's Creditor Recapitalization (BCR) Project: An Option for Resolving Large Banks?," World Scientific Book Chapters, in: Douglas D Evanoff & George G Kaufman (ed.), Systemic Financial Crises Resolving Large Bank Insolvencies, chapter 24, pages 397-406, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789812569479_0024
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    Cited by:

    1. George G. Kaufman, 2007. "A Program for Minimizing the Private and Public Costs of Bank Failures," NFI Policy Briefs 2007-PB-11, Indiana State University, Scott College of Business, Networks Financial Institute.
    2. Harrison, Ian & Anderson, Steve & Twaddle, James, 2007. "Pre-positioning for effective resolution of bank failures," Journal of Financial Stability, Elsevier, vol. 3(4), pages 324-341, December.
    3. Eisenbeis, Robert A. & Kaufman, George G., 2008. "Cross-border banking and financial stability in the EU," Journal of Financial Stability, Elsevier, vol. 4(3), pages 168-204, September.

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