Bank resolution: The importance of a public backstop

Published: 28/05/2017
Bank resolution: The importance of a public backstop
Source: VOXEU.ORG

In April 2017, the US House of Representatives passed a bipartisan revision of the bankruptcy code, which would expedite the resolution of adequately structured intermediaries. This column considers the new Financial Institutions Bankruptcy Act of 2017 and how it fits in with the existing Dodd-Frank mechanism. By raising the odds of an effective resolution, the Act (as a complement to Dodd-Frank)

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