Das neue Konzept zur Sanierung von Banken

Abstract

The report is devoted to a rapid and inclusive process of Cyprus banks resolutions. The mechanism applied is referred to as "bail-in". Its uniqueness lies, inter alia, in the necessity to harmonize foreign and domestic legislation on bank resolution. To that end, the author feels it urgent to explore the problems and perspectives of implementation of this instrument in Russia, and to determine necessary conceptual changes of legislation on bank deposit insurance system and banks resolutions.