442 results found
Lexology PRO | USA | 27 May 2023
Did resolution rule plan changes impact the US banking crisis?
Changes to resolution plan requirements for institutions may have contributed to the recent crisis after the collapse of Silicon Valley Bank, Signature Bank, and others, say federal regulators.
Lexology PRO | European Union | 20 Apr 2023
EU tries to move past bailout culture in bank resolution overhaul
As bank resolution suddenly shoots to the top of the regulatory agenda, the European Commission has introduced a wide-ranging plan to revise its bank crisis management framework with changes to three key directives, complaining that too many failing banks have relied on using taxpayers’ money rather than deposit guarantee schemes and resolution funds.
Lenz & Staehelin | Switzerland | 15 Aug 2022
Federal Council presents bail-out package for electricity industry
The sharp increase in prices and price volatility in the energy markets, which has been observed since the end of 2021, has had significant impact on companies active in the electricity wholesale market. Recently, the Federal Council handed over its dispatch on a bail-out package for the electricity industry to parliament.
Squire Patton Boggs | USA | 2 Sep 2021
Click to Dial on the Ropes?: Court Holds Vaunted LiveVox HCI Might be an ATDS After All-But Bails Out Defendant on Consent
Editor’s Note: Live Vox’ GC comments on this are here. This might be the oddest ATDS case I’ve seen yet. No, I’m serious. Let’s start with this…
Linklaters LLP | Singapore | 13 Nov 2018
Singapore finalises statutory bail-in regime for banks
Singapore introduced enhancements to the resolution regime for financial institutions last year. Enhanced resolution powers have been given to the…
MACEDO VITORINO | Portugal | 12 Nov 2018
Guide to Portuguese Employment Law
As other European countries, Portugal has made several changes to its employment laws in the last few years and increased the flexibility of the…
VdA | Portugal | 10 Aug 2018
Resolution strategies in wake of 2008 banking crisis
Following the 2008 banking crisis, the Banking Law was amended to protect depositors of all credit institutions and safeguard the stability of the EU banking system as a whole. Under the law, the Bank of Portugal may apply a number of resolution measures to failing institutions which do not involve obtaining prior consent from their shareholders or a third party. It can also create a......
Cleary Gottlieb Steen & Hamilton LLP | European Union | 26 Jan 2018
Beyond bail-in: reform of bank creditor hierarchy in European Union
The European Commission recently published a legislative proposal amending the Bank Recovery and Resolution Directive to modify creditor hierarchy in insolvency with a view to facilitating the resolution of EU credit institutions. The proposal, which was fast tracked, resulted in the adoption of EU Directive 2017/2399, which amends the Bank Recovery and Resolution Directive as regards the......
Wilmer Cutler Pickering Hale and Dorr LLP | Global, USA | 29 Nov 2017
US Department of the Treasury: A Financial System That Creates Economic Opportunities--Capital Markets
In October 2017, the US Department of the Treasury (Treasury) published a report titled "A Financial System That Creates Economic Opportunities"…
Borden Ladner Gervais LLP | Canada | 14 Aug 2017
Canadian Government Tables Bail-In Regulations
The Canadian government is now seeking to fully implement a bail-in regime in Canada through three proposed regulations Background Following the…
