Includes bibliographical references and index.

1. International Bank Crisis Management: Framing the Key Definitions and Drawing the Perimeter of the Analysis : I. Introduction ; II. Bank Crisis Management: Framing the Key Definitions ; III. Other Relevant Definitions ; IV. Jurisdiction-Specific Definitions ; V. The Perimeter of the Analysis -- 2. The Bank Supervisory and Crisis Management Architecture in the EU, UK and US : I. Introduction ; II. The European Banking Union ; III. The UK Bank Supervisory and Crisis Management Architecture ; IV. The US Bank Supervisory and Crisis Management Architecture -- 3. The First Lines of Defence: Bank Capital and Early Intervention Measures : I. Introduction ; II. The Concept of Capital and the Rationale behind Minimum Bank Capital Requirements ; III. Capital Requirements and the Role of the Basel Committee on Banking Supervision ; IV. The Adoption of Basel I ; V. The Adoption of Basel II ; VI. The Adoption of Basel III ; VII. The Adoption of Basel IV ; VIII. Early Intervention Measures ; IX. The Effectiveness of Capital and Early Intervention Measures as First Lines of Defence -- 4. The Crisis of Non-Systemic Institutions: Bank Insolvency Regimes : I. Introduction ; II. The New EU Regime and its Weaknesses ; III. Towards the Establishment of a New EU Harmonised Bank Insolvency Regime Inspired by the Italian, UK and US Frameworks and Experiences ; IV. The Italian Legal Framework ; V. Compulsory Administrative Liquidation under Italian Law ; VI. Bank Liquidation and the EU State Aid Framework: The So-called Liquidation Aid ; VII. The UK Regime ; VIII. The US Regime ; IX. Receivership ; X. The FDIC Strategies ; XI. Concluding Remarks.

5. The Crisis of Systemic Institutions: Resolution and Orderly Liquidation Authority : I. Introduction ; II. Resolution in the EU ; III. The Resolution Tools ; IV. Bail-in ; V. Resolution Funds ; VI. The Provision of Public Funds in the Context of Resolution and the Interaction between the Resolution Regime and the State Aid Framework ; VII. Impediments to Resolvability ; VIII. Resolution within the Banking Union ; IX. The UK Regime ; X. The US Regime: The Orderly Liquidation Authority ; XI. Concluding Remarks -- 6. Deposit Guarantee Schemes : I. Introduction ; II. The Functions Performed by Deposit Guarantee Schemes in Bank Crises ; III. The Interplay between the Legislation on DGSs and the State Aid Regime ; IV. The Key Contributions of DGSs in Handling Bank Crises ; V. The General Court of the European Union and the Court of Justice of the European Union Judgments in the Banca Tercas Case ; VI. The Current Legal Constraints to DGSs' Optional Interventions in Bank Crises ; VII. Deposit Insurance in the US ; VIII. A Limited-Scope Reform Proposal to Allow DGSs to Play a Leading Role in Bank Crises -- 7. The Legacy of the COVID-19 Crisis: The Non-Performing Loan Problem : I. Introduction ; II. Non-Performing Loans ; III. How to Tackle the Non-Performing Loan Problem: Asset Management Companies ; IV. Types of NPLs to Transfer ; V. Transfer Price ; VI. Capital and Funding Structure and Governance Arrangements ; VII. Concluding Remarks -- 8. Conclusions.

"This book analyses the legal regimes governing bank crisis management in the EU, UK, and US, discussing the different procedures and tools available as well as the regulatory architecture and the authorities involved. Building on a broad working definition of 'bank crisis management' and referring to several cases, the book explores the techniques and approaches employed by the authorities to deal with troubled banks on both sides of the Atlantic. The legal analysis distinguishes between procedures and tools aimed at liquidating the bank in crisis vis-à-vis those aimed at restructuring. In this regard, attention is paid to the rules allowing for the use of public money in handling banks in trouble as well as to the role that deposit insurance schemes can play. Considerations on the impact on banks of the current crisis provoked by the COVID-19 pandemic are advanced, primarily focusing on the expected surge of non-performing loans as well as on ways to effectively manage these assets. The book approaches these issues from a comparative law perspective, providing law and economics considerations and focusing on strengths and drawbacks of the rules currently in force. The book advances policy considerations as well as reform proposals aiming at enhancing the legal regimes in force, with particular reference to the Consultation promoted in 2021 by the European Commission on the adoption of a new bank crisis management and deposit insurance framework in the Union."-- Provided by publisher.

Also issued in print: Hart Publishing, 2022. Digital resource published 2022.

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