Creditor Priority in European Bank Insolvency Law : Financial Stability and the Hierarchy of Claims Paperback / softback
by Sjur Swensen (BI Norwegian Business School, Norway) Ellingsæter
Part of the Hart Studies in Commercial and Financial Law series
Paperback / softback
Description
This book provides the first comprehensive treatment of creditor priority in European bank insolvency law. Following reform in the wake of the global financial crisis, EU law requires that Member States have in place bank-specific insolvency frameworks.
Creditor priority—the order in which different creditors bear losses should a bank fail—differs substantially between bank-specific and general insolvency law.
The bank-specific creditor priority framework aims to ensure that banks can enter insolvency proceedings without disrupting financial stability. The book provides a systematic and thorough account of the Bank Recovery and Resolution Directive and other EU legislation that governs creditor priority in bank resolution and liquidation proceedings, and their interaction with national law.
The framework is analysed from several perspectives, including comparison with creditor priority in English, German and Norwegian general insolvency law.
Moreover, the book places the evolution of the framework and its justifications within the broader post-crisis shifts in bank regulation, and critically examines the assumptions that underlie these developments.
Finally, the book discusses how this area of law could evolve in the future.
Information
-
Pre-Order
- Format:Paperback / softback
- Pages:280 pages
- Publisher:Bloomsbury Publishing PLC
- Publication Date:22/08/2024
- Category:
- ISBN:9781509953691
Information
-
Pre-Order
- Format:Paperback / softback
- Pages:280 pages
- Publisher:Bloomsbury Publishing PLC
- Publication Date:22/08/2024
- Category:
- ISBN:9781509953691
