Formats
| Format | |
|---|---|
| BibTeX | |
| MARCXML | |
| TextMARC | |
| MARC | |
| DublinCore | |
| EndNote | |
| NLM | |
| RefWorks | |
| RIS |
Items
Details
Title
New bank insolvency law for China and Europe.
Published
The Hague, The Netherlands : Eleven International Publishing, [2017]
Copyright
©2017
Call Number
K1397.F56 N49 2017
ISBN
9789462367432 (volume 1)
9462367434 (volume 1)
9789462367371 (volume 2)
946236737X (volume 2)
9789462746800 (E-book)
9462367434 (volume 1)
9789462367371 (volume 2)
946236737X (volume 2)
9789462746800 (E-book)
Description
2 volumes ; 24 cm.
System Control No.
(OCoLC)1001810152
Note
Errata inserted in volume 1: The title page of New Bank Insolvency Law for China and Europe - Volume 1: China 9789462367432 incorrectly shows "Volume 2: China". It should show "Volume 1: China".
"This book has been prepared .... in the context of the ... joint research project between Leiden Law School's Hazelhoff Centre for Financial Law (Leiden, The Netherlands) and the China University of Politics and Law (Beijing, China)"--Volume 1, title page verso.
Series statement from publisher's web site (accessed September 8, 2017).
"This book has been prepared .... in the context of the ... joint research project between Leiden Law School's Hazelhoff Centre for Financial Law (Leiden, The Netherlands) and the China University of Politics and Law (Beijing, China)"--Volume 1, title page verso.
Series statement from publisher's web site (accessed September 8, 2017).
Bibliography, etc. Note
Include bibliographical references (volume 2, pages 209-220)
Record Appears in
Added Author
Added Corporate Author
Table of Contents
List of Abbreviations
ix
Related Legal Documents
xi
Preface
xiii
1.
Introduction
1
2.
Overview of Chinese Bank Insolvency Law
5
2.1.
Current Chinese Bank Insolvency Law
5
2.1.1.
Background of the Emerging Bank Insolvency Law
5
2.1.2.
Status quo of Rules Relating to Bank Insolvency
6
2.1.3.
Attempt to Accommodate a Special Regime for Bank Insolvency in the Commercial Bank Law
7
2.1.4.
Inadequacy of the Enterprise Bankruptcy Law to Address Bank Insolvency
7
2.1.5.
Approach to a Bank Insolvency Regime in the Enterprise Bankruptcy Law 2006
10
2.2.
Future Chinese Bank Insolvency Law
11
2.2.1.
External Factors That May Impact the Bank Insolvency Regime in China
11
2.2.1.1.
No More Implicit Guarantee by the State
12
2.2.1.2.
No More Use of the Banking System for Government Purposes
14
2.2.1.3.
Not Infallible Are the State-owned Banks
17
2.2.2.
Some Speculations about the Bank Insolvency Regime
18
2.2.3.
Factors That May Affect the Effectiveness of the Future Bank Insolvency Regime
19
2.2.3.1.
Opacity of the Banking System
19
2.2.3.2.
Massive Shadow Banking System
22
2.2.3.3.
Banking Regulation Problem
23
2.2.3.4.
Other Factors: From an Economic Perspective
23
3.
Institutional Framework
25
3.1.
Authority of Financial Supervisors / Resolution Authorities
25
3.2.
Government Intervention
27
3.2.1.
Macro-prudential Management
28
3.2.2.
Assumption of Control
29
3.2.3.
Reorganization of Commercial Banks
31
3.2.4.
Ordered to Suspend Business and Take Corrective Measures
35
3.2.5.
Revocation of Commercial Banks
38
3.2.6.
Bankruptcy Liquidation
40
3.3.
Influence of Political Executives
42
4.
Insolvency Proceedings
45
4.1.
Commencement of Insolvency Proceedings
45
4.1.1.
Commencement Standard
45
4.1.2.
Commencement Application
49
4.1.2.1.
Applicant for Commercial Bank Insolvency
49
4.1.2.2.
Bankruptcy Administrator
49
4.1.2.3.
Procedures for Bank Insolvency
50
4.1.2.4.
Debt Repayments in Bank Insolvency Procedures
52
4.2.
Ranking of Claims
54
4.2.1.
Ranking of Creditors
54
4.2.2.
Protection of Creditors
55
5.
Management of the Institution
57
5.1.
Removal or Replacement of Management
57
5.2.
Management of Bridge Institution and Asset Management Vehicle
58
6.
Bail-in
61
6.1.
Bail-in
61
6.1.1.
Interferences with Rights of Shareholders and Creditors
61
6.1.2.
Bail-in Tool
62
6.2.
Scope and Sequence of Write Down and Conversion
64
6.2.1.
Trigger Event
65
6.2.2.
Capital Instruments Containing Write-off Clauses
66
6.2.3.
Capital Instruments Containing Conversion Clauses
66
7.
Contracts
67
7.1.
Financial Counter-Parties
69
7.1.1.
Financial Market Infrastructures
69
7.1.2.
Structured Finance
71
7.1.3.
Derivatives
72
7.1.4.
Dis-application of Contractual Rights/Temporary Stay
74
7.1.5.
Nullification of Repayment
74
7.1.6.
Nullification of Property Transfer
74
7.1.7.
Dis-application of Set-off
75
7.1.5.
Safeguards for Counter-parties in Partial Transfers
75
7.2.
Depositors and Investors
76
7.2.1.
Depositors
76
7.2.2.
Investors
77
7.3.
Suppliers and Employees
77
7.4.
Conflict of Laws Issues
78
8.
Judicial Review
81
8.1.
Institutional Setup
81
8.2.
Ex Ante Judicial Approval
83
8.2.1.
Reorganization of Commercial Banks
83
8.2.2.
Insolvency of Commercial Banks
85
8.3.
Right to Challenge Decisions
87
8.3.1.
Government Interventions Which Could Be Challenged in Court
87
8.3.2.
Qualification of a Plaintiff
88
8.3.2.1.
Initiated by the Failing Bank
89
8.3.2.2.
Initiated by the Creditors of the Failing Bank
90
8.3.3.
Right to Challenge the Decisions of Administrators
90
8.3.4.
Nationalization
92
8.3.5.
Sanction
94
8.3.6.
Collective Redress
95
9.
Deposit Guarantee Schemes
97
9.1.
Organization of Deposit Guarantee Schemes
97
9.1.1.
Scope of Insured Deposits
97
9.1.2.
Target Funding Level
98
9.1.3.
Sources of Deposit Insurance Fund
98
9.1.4.
Authorities of the Management Institution
98
9.1.5.
Payout Period
99
9.1.6.
Protection of Deposits in a Bank Resolution Procedure (Bail-in)
99
9.1.7.
Use of Funds of Deposit Guarantee Schemes and Single Resolution Fund in a Bank Resolution Procedure
99
9.1.8.
Theoretical Discussions
100
9.2.
Position of Deposit Holders
101
9.3.
Position of Deposit Guarantee Schemes
102
9.4.
Cross-border Issues
102
10.
Cross-border Banking Groups and Recognition of Resolution Measures
103
10.1.
Treatment of a Cross-border Banking Group in China
103
10.2.
Treatment of Non-Chinese Entities in China
103
10.3.
Treatment of Chinese Entities Outside China
106
11.
International Principles and Standards
109
11.1.
Initiatives FSB
109
11.2.
National Implementations
110
11.3.
Way Forward
112
12.
Conclusion
115