kaal:claim:2061166-009

Placing bank reorganization in the hands of an administrative supervisory authority rather than a bankruptcy court, as Swiss law does, trades better sector knowledge and a faster procedure against the cost of very broad agency discretion.

Source quote, verbatim

The perceived advantage is better knowledge of the banking sector that may result in a more efficient and expeditious procedure. The clear disadvantage is the broad discretion of the agency in overseeing financial institutions.

From

Christoph K. Henkel, Wulf A. Kaal, Contingent Capital in European Union Bank Restructuring (2012), 1. Bank Reorganization under Swiss Law, p. 29
https://ssrn.com/abstract=2061166 · source PDF

Cite as

Christoph K. Henkel, Wulf A. Kaal, Contingent Capital in European Union Bank Restructuring (2012). SSRN: https://ssrn.com/abstract=2061166

Holds when

civil law jurisdictions where the supervisor is also the resolution authority
Swiss Federal Law on Banks and Savings and Loans

Classification

mechanismsupport: arguedsystemic-risk

Verify

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