Cease and Desist Order
From Open Risk Manual
Revision as of 15:01, 2 April 2019 by Wiki admin (talk | contribs) (Created page with "== 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 fo...")
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
- ↑ BCBS, Supervisory Guidance on Dealing with Weak Banks, March 2002