Resolution: Difference between revisions
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<i>Bank | 1. ''Decision making.'' | ||
A formal decision of a body such as a board of directors or a general meeting of a company, recorded in writing. | |||
2. <i>Bank insolvency</i>. | |||
The special process of resolving the problem of the actual or threatened insolvency of financial firms. | The special process of resolving the problem of the actual or threatened insolvency of financial firms. | ||
The speed with which value destruction occurs in a failing financial firm means that normal corporate insolvency processes and liquidation are inappropriate for such firms. | The speed with which value destruction occurs in a failing financial firm means that normal corporate insolvency processes and liquidation are inappropriate for such firms. | ||
As in normal insolvency, losses will be expected for some creditors. | As in normal insolvency, losses will be expected for some creditors. | ||
Resolution is the orderly failure of a firm, under the control of the resolution authority. | |||
Contrast with ‘[[recovery]]’ in which a financial firm facing difficulties is returned to acceptable financial health without imposing losses on the distressed firm's creditors. | Contrast with ‘[[recovery]]’ in which a financial firm facing difficulties is returned to acceptable financial health without imposing losses on the distressed firm's creditors. | ||
3. <i>Non-financial firms</i>. | |||
Similar processes for resolving the problem of actual or threatened insolvency of a non-financial firm. | |||
:<span style="color:#4B0082">'''''Reverse takeover'''''</span> | |||
:"I joined Gala Coral Group, which was a high-leveraged private equity (PE) business. | |||
:This was my first group treasurer position supporting the resolution of a defaulted propco structure, the disposal of the Gala Bingo business and PE exit scenarios, including the eventual reverse takeover of Ladbrokes." | |||
:''Adam Richford FCA FCT, Group Treasurer, Renewi, The Treasurer, August 2018, p17.'' | |||
4. ''Disputes.'' | |||
The conclusion of a dispute. | |||
Sometimes to the satisfaction of all parties, or at least with their agreement to close the matter. | |||
For example, by adjudication or mediation. | |||
5. ''Problem solving.'' | |||
The solving of a problem. | |||
== See also == | == See also == | ||
* [[Adjudication]] | |||
* [[Bailin]] | |||
* [[Board of directors]] | |||
* [[Board resolution]] | |||
* [[Contagion]] | |||
* [[Default]] | |||
* [[Directive]] | |||
* [[Exit]] | |||
* [[Financial stability]] | * [[Financial stability]] | ||
* [[ | * [[General meeting]] | ||
* [[Insolvency]] | |||
* [[Key Attributes]] | |||
* [[Leverage]] | |||
* [[Liquidation and Payout]] | * [[Liquidation and Payout]] | ||
* [[ | * [[Mediation]] | ||
* [[OLA]] | * [[OLA]] | ||
* [[ | * [[Ordinary resolution]] | ||
* [[ | * [[Private equity]] (PE) | ||
* [[Purchase and Assumption]] | |||
* [[Recovery]] | * [[Recovery]] | ||
* [[ | * [[ResCo]] | ||
* [[Resolution Authority]] | |||
* [[Resolution plan]] | |||
* [[Resolution weekend]] | * [[Resolution weekend]] | ||
* [[Reverse takeover]] | |||
* [[Silicon Valley Bank]] (SVB) | |||
* [[Special resolution]] | |||
== External link == | |||
[https://www.bankofengland.co.uk/financial-stability/resolution The Bank of England's approach to resolution] | |||
[[Category:Corporate_financial_management]] | |||
[ | [[Category:Compliance_and_audit]] | ||
Latest revision as of 20:47, 19 March 2023
1. Decision making.
A formal decision of a body such as a board of directors or a general meeting of a company, recorded in writing.
2. Bank insolvency.
The special process of resolving the problem of the actual or threatened insolvency of financial firms.
The speed with which value destruction occurs in a failing financial firm means that normal corporate insolvency processes and liquidation are inappropriate for such firms.
As in normal insolvency, losses will be expected for some creditors.
Resolution is the orderly failure of a firm, under the control of the resolution authority.
Contrast with ‘recovery’ in which a financial firm facing difficulties is returned to acceptable financial health without imposing losses on the distressed firm's creditors.
3. Non-financial firms.
Similar processes for resolving the problem of actual or threatened insolvency of a non-financial firm.
- Reverse takeover
- "I joined Gala Coral Group, which was a high-leveraged private equity (PE) business.
- This was my first group treasurer position supporting the resolution of a defaulted propco structure, the disposal of the Gala Bingo business and PE exit scenarios, including the eventual reverse takeover of Ladbrokes."
- Adam Richford FCA FCT, Group Treasurer, Renewi, The Treasurer, August 2018, p17.
4. Disputes.
The conclusion of a dispute.
Sometimes to the satisfaction of all parties, or at least with their agreement to close the matter.
For example, by adjudication or mediation.
5. Problem solving.
The solving of a problem.
See also
- Adjudication
- Bailin
- Board of directors
- Board resolution
- Contagion
- Default
- Directive
- Exit
- Financial stability
- General meeting
- Insolvency
- Key Attributes
- Leverage
- Liquidation and Payout
- Mediation
- OLA
- Ordinary resolution
- Private equity (PE)
- Purchase and Assumption
- Recovery
- ResCo
- Resolution Authority
- Resolution plan
- Resolution weekend
- Reverse takeover
- Silicon Valley Bank (SVB)
- Special resolution
