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Author Parker, David C. (David Cameron), 1955- author

Title Closing a failed bank : resolution practices and procedures / David C. Parker
Published [Washington, D.C.] : International Monetary Fund, [2011]
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Description 1 online resource (x, 226 pages) : illustrations
Contents Annex 3.10 Employee Code of Conduct and Confidentiality Agreement -- Annex 3.11 Notice to Shareholders, Depositors, Borrowers and Vendors of Appointment of Conservator or Receiver -- Annex 3.12 Initial Information -- Annex 3.13 Outline for Initial Intervened Bank Employees Meeting -- Annex 3.14 Sample Press Releases -- Annex 3.15 Questions and Answers for the Press related to [Failed Bank] -- Annex 3.16 Telephone Script (Liquidation) -- Annex 3.17 Bank Intervention Managers Book Table of Contents -- Annex 3.18 Inventory Book of Assets and Liabilities -- Annex 3.19 Estimated Loss in Assets Form -- Annex 3.20 Cash Count Sheets -- Annex 3.21 Asset Review Sheet -- Annex 3.22 Bank Account Reconciliation Guidelines -- Annex 3.23 Subsidiary Due Diligence Review Checklist -- Annex 3.24 Business and Disposition Plan -- ch. 4 Conservatorship Operations -- Operations and Policies -- Immediate Concerns -- Ongoing Operations -- Annex 4.1 Funds Flow Analysis -- Annex 4.2 Contingency Funding Plan Summary -- ch. 5 Final Resolution -- Resolution Preparation -- Marketing Strategy
Machine generated contents note: ch. 1 Introduction -- Legal Framework -- Deposit Insurance during Bank Failures -- Media and Public Relations -- Chapter Summaries -- ch. 2 Problem Bank Resolution and Supervision -- Problem Bank Supervision -- Problem Bank Resolution -- ch. 3 Bank Intervention Procedures -- Duties and Responsibilities of Intervention Team -- Advance Preparation for Intervention -- Immediate Actions at Intervention -- Annex 3.1 Functional Area Checklists -- Annex 3.2 Sample Problem Bank Resolution Action Plan -- Annex 3.3 Intervention Organizational Chart -- Annex 3.4 Publication Notice of Appointment of Conservator or Receiver -- Annex 3.5 Notice for Registration at the Appropriate Court -- Annex 3.6 Door Notice of Appointment of Conservator or Receiver -- Annex 3.7 Notice to General Director of Appointment of Conservator or Receiver -- Annex 3.8 Notice to Correspondents of Appointment of Conservator or Receiver -- Annex 3.9 Notice to Bank Employees of Appointment of Conservator or Receiver
Legal Documents -- Potential Acquirers -- Marketing Presentation -- Due Diligence -- Bid Acceptance -- Contract Signing -- Closing the Transaction -- Public Awareness -- Annex 5.1 Example of a Resolution Timeline -- Annex 5.2 Sample Deposit Transfer Form -- Annex 5.3 Confidentiality Agreement -- Annex 5.4 Escrow Agreement -- Annex 5.5 Exhibit "A" Bid Form -- Annex 5.6 Sample Print Advertisement for Bank Resolution -- Annex 5.7 Official Receipt -- ch. 6 Bank Liquidation Procedures -- Bank Liquidation Operations -- Annex 6.1 Asset Management Companies -- Annex 6.2 Structure Example: Division of Liquidation Office -- ch. 7 Asset Management and Disposition -- Asset Disposition Strategies and Timelines -- Asset Collection Procedures -- Delegation of Authority -- Case Memorandum System -- Reporting -- Filing System -- Annex 7.1 Sample Case Memoranda -- Annex 7.2 Case Memorandum Log -- Annex 7.3 Asset Collection Report
Summary 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 book draws on the author's lengthy career as a bank liquidator for the Federal Deposit Insurance Corporation and Resolution Trust Corporation and his worldwide consulting experience with the International Monetary Fund and other international organizations. 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
Bibliography Includes bibliographical references
Notes Print version record
Subject Bank failures.
Form Electronic book
Author International Monetary Fund, issuing body
LC no. 2010551635
ISBN 1283548143
1455254266 (electronic bk.)
9781455254262 (electronic bk.)