Legal Aspects Of Regulatory Treatment Of Banks In Distress (Lartea) - Softcover

This book is based on a comparative study of the law of selected countries with banking legislation that may serve as standard for the treatment of banks in distress. This report is consistent with and builds on the G-22 Working Group Reports on the International Fiancial Architecture, issued in October 1998, and the report on Orderly and Effective Insolvency Procedures: Key Issues, prepared by the Legal Department of the IMF and published in August 1999.

This book analyzes and compares the laws of selected industrial countries that are representative of the different approaches to the treatment of banks in distress. It addresses only those banking and economic policy issues that are required for a proper understanding of the banking law or the legal strategies, procedures, and practices that have evolved in the treatment of banking problems. The book does not cover international aspects of bank insolvency, but rather has a domestic focus, given that bank regulation and supervision are still largely a national endeavor.