Difference between revisions of "Administrator"
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Latest revision as of 14:59, 2 April 2019
Definition
An Administrator, in the context of Bank Resolution is a person or entity, including a government agency, appointed by the court or relevant authority, to operate a weak bank in an effort to conserve, manage and protect the bank’s assets until the bank has stabilised or has been closed. Also called “Conservator” in some jurisdictions. [1]
References
- ↑ BCBS, Supervisory Guidance on Dealing with Weak Banks, March 2002
