| Autor: |
Juwah, Lawrence |
| Předmět: |
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| Zdroj: |
Journal of International Banking Law & Regulation; 2024, Vol. 39 Issue 2, p64-74, 11p |
| Abstrakt: |
The international response to the Global Financial Crisis (GFC) includes the massive financial intervention of governments and the international framework to evolve a preventive mechanism through Global Systemically Important Banks (G-SIBs) as a standard-setting model and regulatory tool for financial system resilience. The framework of the legal architecture required a substantive formal diffusion by legal transplant to implement the regulation of the Domestic Systemically Important Banks (D-SIBs) for risk governance. The legal reform incorporated D-SIBs within the legal culture into the Bank and Other Financial Institutions Act by legislative process to mitigate systemic risk. The Act empowered the regulators to undertake the Special Resolution Regime and avoid the Too-Big-Too-Fail syndrome of D-SIBs, a source of instability in the banking system. Further, the Act established Resolution Funds to mitigate government subsidies to failing or distressed banks. [ABSTRACT FROM AUTHOR] |
| Databáze: |
Supplemental Index |
| Externí odkaz: |
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