Creditor Priority in European Bank Insolvency Law : Financial Stability and the Hierarchy of Claims / Sjur Swensen Ellingsæter.
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 differen...
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| Online Access: |
Full Text (via Bloomsbury) |
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| Main Author: | |
| Format: | eBook |
| Language: | English |
| Published: |
Oxford, UK ; New York, NY, USA :
Hart Publishing,
2022.
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| Series: | Hart studies in commercial and financial law ;
v. 10. |
| Subjects: |
| Summary: | 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. |
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| Physical Description: | 1 online resource. |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 9781509953684 150995368X 9781509953660 1509953663 9781509953677 1509953671 |
| DOI: | 10.5040/9781509953684 |
| Source of Description, Etc. Note: | Description based on print version record. |
| Accessibility Note: | Compliant with Level AA of the Web Content Accessibility Guidelines. Content is displayed as HTML full text which can easily be resized or read with assistive technology, with mark-up that allows screen readers and keyboard-only users to navigate easily |