Part B Merger, Reorganization, and Insolvency of Banks, 12 Cross-Border Reorganization and Winding Up of Banks

Subject(s):

Bank resolution and insolvency — Bank supervision — Credit risk

This chapter focuses on the Directive of the European Parliament and of the Council on the Reorganisation and Winding up of Credit Institutions. It discusses the scope of the Directive; the impact of the Directive in the context of the reorganization or winding up of an EU credit institution; the consequences of the Directive in relation to the insolvency of institutions established outside the European Economic Area (EEA); and the assistance which the English courts may provide to the liquidator or receiver of a foreign financial institution.