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dc.identifier.citationGalea, A. (2018). The impact of the Bank Recovery and Resolution Directive (2014/59/EU) on Maltese registered less significant banks (Bachelor's dissertation).en_GB
dc.description.abstractAfter the catastrophic events of the post-September 2008 financial crisis it became clear in almost all countries of the world that there was an absence of clarity on the best way to respond to a distressed banking sector; and that certain tools were needed to deal with failing banks without leaving a huge impact on a nation’s economy. Since application of the Bank Recovery and Resolution Directive (BRRD), at national and international levels have been developed such bank saving and/or dissolution regimes, and these primarily to ensure that taxpayers’ do not have to bail out money repeatedly. Authorities now have a set of tools and the power which allow them to intervene early and rapidly in an unstable institution, so as to guarantee its continuity. For certain banks this can be accomplished through normal insolvency procedures, however a few banks are too fundamentally significant and interconnected in an economy to be permitted to be liquidated. Resolution may be essential to make some banks safer and less likely to fail. In remarkable circumstances the Single Resolution Fund (SRF), financed by the banking sector itself, can be accessed.en_GB
dc.subjectFinancial services industry -- Law and legislation -- European Union countriesen_GB
dc.subjectBank failures -- Law and legislation -- European Union countriesen_GB
dc.subjectGlobal Financial Crisis, 2008-2009en_GB
dc.subjectCorporate reorganizations -- Law and legislation -- European Union countriesen_GB
dc.subjectBanks and banking -- Maltaen_GB
dc.titleThe impact of the Bank Recovery and Resolution Directive (2014/59/EU) on Maltese registered less significant banksen_GB
dc.rights.holderThe copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder.en_GB
dc.publisher.institutionUniversity of Maltaen_GB
dc.publisher.departmentFaculty of Economics, Management and Accountancy. Department of Banking and Financeen_GB
dc.contributor.creatorGalea, Abigail-
Appears in Collections:Dissertations - FacEma - 2018
Dissertations - FacEMABF - 2018

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