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OverviewThis book provides the first comprehensive treatment of creditor priority in European bank insolvency law. Following reform in the wake of the global financial crisis, EU law requires that Member States have in place bank-specific insolvency frameworks. Creditor priority—the order in which different creditors bear losses should a bank fail—differs substantially between bank-specific and general insolvency law. The bank-specific creditor priority framework aims to ensure that banks can enter insolvency proceedings without disrupting financial stability. The book provides a systematic and thorough account of the Bank Recovery and Resolution Directive and other EU legislation that governs creditor priority in bank resolution and liquidation proceedings, and their interaction with national law. The framework is analysed from several perspectives, including comparison with creditor priority in English, German and Norwegian general insolvency law. Moreover, the book places the evolution of the framework and its justifications within the broader post-crisis shifts in bank regulation, and critically examines the assumptions that underlie these developments. Finally, the book discusses how this area of law could evolve in the future. Full Product DetailsAuthor: Sjur Swensen Ellingsæter (BI Norwegian Business School, Norway) , John Linarelli (University of Pittsburgh USA) , Teresa Rodríguez de Las Heras Ballell (University Carlos III of Madrid Spain)Publisher: Bloomsbury Publishing PLC Imprint: Hart Publishing Dimensions: Width: 15.60cm , Height: 2.50cm , Length: 23.40cm Weight: 0.454kg ISBN: 9781509953691ISBN 10: 1509953698 Pages: 280 Publication Date: 22 August 2024 Audience: Professional and scholarly , Professional & Vocational Format: Paperback Publisher's Status: Active Availability: Manufactured on demand  We will order this item for you from a manufactured on demand supplier. Table of Contents1. Introduction 2. Why and How Society Seeks to Limit Bank Failures 3. The Emergence of Bank-Specific Insolvency Proceedings 4. Creditor Priority in General Insolvency Proceedings 5. Creditor Priority in the Winding-Up of Banks 6. Creditor Priority in Bank Resolution 7. The Rationales of Bank-Specific Creditor Priority Rules 8. Administrative Law and Creditor Priority: The Case of MREL (Minimum Requirements for Own Funds and Eligible Liabilities) 9. From Meta-Regulation to Technocratic Fine-Tuning: The Phases of Creditor Priority in Bank Insolvency Proceedings 10. What is the Future of Bank-Specific Creditor Priority Rules?Reviews"""Given the complexity and interconnectedness of the financial system ... this book may help the reader to understand the rationale behind such differences and with considering more suitable and efficient rules for crisis management regimes in the banking sector."" --International and Comparative Law Quarterly" Given the complexity and interconnectedness of the financial system ... this book may help the reader to understand the rationale behind such differences and with considering more suitable and efficient rules for crisis management regimes in the banking sector. * International and Comparative Law Quarterly * Author InformationSjur Swensen Ellingsæter is Associate Professor at the Department of Law and Governance, BI Norwegian Business School, Norway. Tab Content 6Author Website:Countries AvailableAll regions |
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