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Safe Bank

Published: 2021-10-03

The resolution procedure and bankruptcy proceedings in the European and Polish banking sector – comparison of experiences

Magdalena Graca Logo ORCID
Section: Problems and Opinions
https://doi.org/10.26354/bb.4.2.83.2021

Abstract

Numerous public interventions undertaken during the crisis of 2007–2009 to save failing banks initiated an international debate on the creation of a mechanism that would prevent the necessity to charge the state financially for errors or failings of individual economic entities. Therefore, regulations were introduced into the international legal order that define resolution – compulsory restructuring and orderly liquidation, the task of which was to systematically reduce the costs of saving institutions struggling with financial problems. The article presents the legislative process of implementing the resolution and an analysis of case studies of the application of the procedure in European Union Member States, including Poland.

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Graca, M. (2021). The resolution procedure and bankruptcy proceedings in the European and Polish banking sector – comparison of experiences. Safe Bank, 83(2), 74–95. https://doi.org/10.26354/bb.4.2.83.2021

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Vol. 83 No. 2 (2021)
Published: 2021-10-03


ISSN: 1429-2939
eISSN: 2544-7068
Ikona DOI 10.26354

Publisher
Bankowy Fundusz Gwarancyjny

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