Bank Resolution
From Open Risk Manual
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Definition
Bank Resolution is a plan and course of action to resolve a bank when failure is imminent and will typically involve some change to the legal structure and ownership of the bank. The art of resolving bank problems entails achieving a legal closure of the bank while avoiding economic closure. [1]
References
- ↑ BCBS, Supervisory Guidance on Dealing with Weak Banks, March 2002
