Title:
Closing a failed bank : resolution practices and procedures
Author:
Parker, David C. (David Cameron), 1955-
ISBN:
9781616350277
Personal Author:
Publication Information:
[Washington, D.C.] : International Monetary Fund, c2011.
Physical Description:
x, 226 p. ; 26 cm. + 1 CD-ROM (4 3/4 in.)
General Note:
Accompanying CD-ROM also contains forms and checklists in a writable PDF format that can be accessed through a user interface that allows practitioners to input information about a particular bank resolution case and then download or print the customized documents.
Contents:
Introduction -- Legal Framework -- Deposit Insurance during Bank Failures -- Media and Public Relations -- Chapter Summaries -- Problem Bank Resolution and Supervision -- Problem Bank Supervision -- Problem Bank Resolution -- Bank Intervention Procedures -- Duties and Responsibilities of Intervention Team -- Advance Preparation for Intervention -- Immediate Actions at Intervention -- Functional Area Checklists -- Sample Problem Bank Resolution Action Plan -- Intervention Organizational Chart -- Publication Notice of Appointment of Conservator or Receiver -- Notice for Registration at the Appropriate Court -- Door Notice of Appointment of Conservator or Receiver -- Notice to General Director of Appointment of Conservator or Receiver -- Notice to Correspondents of Appointment of Conservator or Receiver -- Notice to Bank Employees of Appointment of Conservator or Receiver
Employee Code of Conduct and Confidentiality Agreement -- Notice to Shareholders, Depositors, Borrowers and Vendors of Appointment of Conservator or Receiver -- Initial Information -- Outline for Initial Intervened Bank Employees Meeting -- Sample Press Releases -- Questions and Answers for the Press related to [Failed Bank] -- Telephone Script (Liquidation) -- Bank Intervention Managers Book Table of Contents -- Inventory Book of Assets and Liabilities -- Estimated Loss in Assets Form -- Cash Count Sheets -- Asset Review Sheet -- Bank Account Reconciliation Guidelines -- Subsidiary Due Diligence Review Checklist -- Business and Disposition Plan -- Conservatorship Operations -- Operations and Policies -- Immediate Concerns -- Ongoing Operations -- Funds Flow Analysis -- Contingency Funding Plan Summary -- Final Resolution -- Resolution Preparation -- Marketing Strategy
Legal Documents -- Potential Acquirers -- Marketing Presentation -- Due Diligence -- Bid Acceptance -- Contract Signing -- Closing the Transaction -- Public Awareness -- Example of a Resolution Timeline -- Sample Deposit Transfer Form -- Confidentiality Agreement -- Escrow Agreement -- Exhibit "A" Bid Form -- Sample Print Advertisement for Bank Resolution -- Official Receipt -- Bank Liquidation Procedures -- Bank Liquidation Operations -- Asset Management Companies -- Structure Example: Division of Liquidation Office -- Asset Management and Disposition -- Asset Disposition Strategies and Timelines -- Asset Collection Procedures -- Delegation of Authority -- Case Memorandum System -- Reporting -- Filing System -- Sample Case Memoranda -- Case Memorandum Log -- Asset Collection Report.
Abstract:
This manual addresses problem bank resolution from the time a bank is identified as being in financial trouble through intervention to liquidation. It comes with an interactive CD-ROM from which users can download and tailor documents to use in their own closing processes. The chapters examine legal frameworks; the function of deposit insurance during bank failures; the importance of public and media relations; measures and procedures used by a supervisory authority to rehabilitate, restructure, or resolve a problem bank; bank intervention procedures; conservatorship operations; bank resolution alternatives and methods for marketing a problem bank using a purchase and assumption agreement; operations and administrative procedures for bank liquidation or receivership; and asset management and disposition.--Publisher's description.
Added Corporate Author: