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European Company and Financial Law Review

Ed. by Conac, Pierre-Henri / Davies, Paul / Cordt, Yves / Embid Irujo, Jose Miguel / Fernandez de la Gándara, Luis / Ferrarini, Guido / Fleischer, Holger / Hirte, Heribert / Hommelhoff, Peter / Hopt, Klaus J. / Kalss, Susanne / Kroeze, M. J. / Merkt, Hanno / Teichmann, Christoph / Urbain-Parleani, Isabelle / Crone, Hans Caspar / Ventoruzzo, Marco / Wyckaert, Marieke

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Volume 7, Issue 4 (Jan 2010)


Towards a transnational bank restructuring law? – The attempt of the G20 to initiate and monitor regulatory responses to the „too big to fail“ problem –

Peter Sester
  • *Prof. Dr. iur. Dr. rer. pol. Peter Sester, Director of the Institute for Information and Business Law, Karlsruhe Institute of Technologie (KIT)
Published Online: 2010-12-20 | DOI: https://doi.org/10.1515/ecfr.2010.512

Consensus on a general (bank) insolvency law at both the G20 and the EU levels remains out of reach. Consequently we should focus on truly systemic cross-border banks. Therefore “systemic” banks have to be identified on economical rather than political grounds. The smooth coordination of different competent national supervisors will not work without clear-cut rules on competencies and a transnational framework “regulation”. This framework should be based on a G20 insolvency standard that creates a global level playing field for cross-border banks groups with systemic impact. Given the overlap between prudential regulation on the one-side and crisis intervention and resolution tools on the other side, it seems appropriate to implement such a standard via a new Basel Accord.

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Published Online: 2010-12-20

Published in Print: 2010-11-01

Citation Information: European Company and Financial Law Review, ISSN (Online) 1613-2556, ISSN (Print) 1613-2548, DOI: https://doi.org/10.1515/ecfr.2010.512.

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