Cease and Desist Order

From Open Risk Manual
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Definition

A Cease and Desist Order is a written directive - usually legally enforceable - issued by a supervisor to a bank and its management that requires the former to stop engaging in specified unsafe or unsound practices or violations of law and regulations.[1]


References

  1. ↑ BCBS, Supervisory Guidance on Dealing with Weak Banks, March 2002
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