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Bank exit legislationin US, EU and Japanese financial centres

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  • Granlund, Peik

Abstract

This paper analyses bank exit (ie reorganisation and liquidation) legislation in selected financial centres: New York, London, Frankfurt, Helsinki and Tokyo.The focus is on bank exit legislation applicable to commercial banks.The legislation is analysed from the perspective of bank stakeholders, ie bank creditors, depositors and bank shareholders.The analysis is restricted to those legislative provisions that provide security and rights for stakeholders in case of bank exit.In addition to current conditions, the paper covers the main legislative changes of the latter part of the 1990s.

Suggested Citation

  • Granlund, Peik, 2002. "Bank exit legislationin US, EU and Japanese financial centres," Bank of Finland Research Discussion Papers 25/2002, Bank of Finland.
    • Handle: RePEc:zbw:bofrdp:rdp2002_025
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    File URL: https://www.econstor.eu/bitstream/10419/211929/1/bof-rdp2002-025.pdf
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    References listed on IDEAS

    as
    1. Francis, Bill B. & Hasan, Iftekhar & Hunter, Delroy M., 2002. "Return-volatility linkages in the international equity and currency markets," Bank of Finland Research Discussion Papers 9/2002, Bank of Finland.
    2. repec:zbw:bofrdp:2002_015 is not listed on IDEAS
    3. Honkapohja, Seppo & Mitra, Kaushik, 2005. "Performance of monetary policy with internal central bank forecasting," Journal of Economic Dynamics and Control, Elsevier, vol. 29(4), pages 627-658, April.
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    6. repec:zbw:bofrdp:2002_025 is not listed on IDEAS
    7. Evans, George W. & Honkapohja, Seppo, 2007. "Policy Interaction, Learning, And The Fiscal Theory Of Prices," Macroeconomic Dynamics, Cambridge University Press, vol. 11(5), pages 665-690, November.
    8. repec:zbw:bofrdp:2002_003 is not listed on IDEAS
    9. repec:zbw:bofrdp:2002_022 is not listed on IDEAS
    10. repec:zbw:bofrdp:2002_019 is not listed on IDEAS
    11. repec:zbw:bofrdp:2002_011 is not listed on IDEAS
    12. repec:zbw:bofrdp:2002_002 is not listed on IDEAS
    13. repec:zbw:bofrdp:2002_020 is not listed on IDEAS
    14. repec:zbw:bofrdp:2002_009 is not listed on IDEAS
    15. repec:zbw:bofrdp:2002_014 is not listed on IDEAS
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    Cited by:

    1. Granlund, Peik, 2003. "Economic evaluation of bank exit regimes in US, EU and Japanese financial centres," Bank of Finland Research Discussion Papers 5/2003, Bank of Finland.

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    More about this item

    Keywords

    bank; regulation; supervision; reorganisation; liquidation;
    All these keywords.

    JEL classification:

    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law

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