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Source: Switzerland : Financial Sector Assessment Program: Detailed Assessment of Observance of Financial Sector Standards and Codes

Volume/Issue: 2009/243

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 August 2009

ISBN: 9781451807431

Keywords: banking, internal audit, money laundering, external auditor, banking supervision

This paper discusses key findings of the detailed assessment of observance of financial sector standards and codes in Switzerland. Switzerland has a relatively unique banking sector, with a high market concentratio...

XIV Banking System Restructuring

XIV Banking System Restructuring »

Source: Legal Aspects of Regulatory Treatment of Banks in Distress

Series: Books

Author(s): T. Asser

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 April 2001

ISBN: 9781557759726

Keywords: law, bank regulator, banking law, banking system

1. Overview Once a systemic banking crisis 412 occurs, the monetary authorities must act quickly and decisively to contain the crisis and its effect...

XII Revocation of the Banking License

XII Revocation of the Banking License »

Source: Legal Aspects of Regulatory Treatment of Banks in Distress

Series: Books

Author(s): T. Asser

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 April 2001

ISBN: 9781557759726

Keywords: law, bank regulator, banking law, banking system

1. Grounds to Revoke the Banking License For a bank, the revocation of its banking license signals the end of its life as a bank. Except for banks whose corporate charter and banking...

XIII Taking Control of a Bank Under General or Special Insolvency Law

XIII Taking Control of a Bank Under General or Special Insolvency Law »

Source: Legal Aspects of Regulatory Treatment of Banks in Distress

Series: Books

Author(s): T. Asser

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 April 2001

ISBN: 9781557759726

Keywords: law, bank regulator, banking law, banking system

1. General Issues When viewed from a legal vantage point, the law of insolvency of banks is extraordinarily complex. General insolvency law—including both bankruptcy law and the law...

VII Special Moratorium on Debt Service by Banks Under the Banking Law

VII Special Moratorium on Debt Service by Banks Under the Banking Law »

Source: Legal Aspects of Regulatory Treatment of Banks in Distress

Series: Books

Author(s): T. Asser

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 April 2001

ISBN: 9781557759726

Keywords: law, bank regulator, banking law, banking system

1. General Observations Usually, regulatory corrective action cannot be kept secret. When it becomes public knowledge, it may trigger a run on the bank in distress. To reduce the ris...

X Receivership Under the Banking Law

X Receivership Under the Banking Law »

Source: Legal Aspects of Regulatory Treatment of Banks in Distress

Series: Books

Author(s): T. Asser

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 April 2001

ISBN: 9781557759726

Keywords: law, bank regulator, banking law, banking system

1. General Issues As treated in this book, receivership is a bank administration procedure for the restructuring or the closure and liquidation of banks by a receiver. It should be d...

VIII Taking Control of a Bank Under the Banking Law: Common Issues

VIII Taking Control of a Bank Under the Banking Law: Common Issues »

Source: Legal Aspects of Regulatory Treatment of Banks in Distress

Series: Books

Author(s): T. Asser

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 April 2001

ISBN: 9781557759726

Keywords: law, bank regulator, banking law, banking system

1. Survey of Procedures In most countries, the corrective measures described in the foregoing must be administered to a bank within its existing governance structure. Bank owners ret...