Research Discussion Papers, Bank of Finland
No 25/2002:
Bank exit legislation in US, EU and Japanese financial centres
Peik Granlund ()
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.
Keywords: bank; regulation; supervision; reorganisation; liquidation; (follow links to similar papers)
JEL-Codes: G28; K23; (follow links to similar papers)
108 pages, September 30, 2002
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