International Comparison
- Bank Resolution in the Past - |
| |
Japan |
U.S.A. |
UK |
| Availability |
Past cases |
Availability |
Past cases |
Availability |
Past cases
1982-
June 2009 |
| Until May. 1996 |
Jun. 1996-
Mar. 2005 |
Apr. 2005-
June 2009 |
1934-
1991 |
1992-
June 2009 |
Payout
limited protection |
Yes
(since 1971) |
0 |
0 |
0 |
Yes
(Since 1933) |
915 |
48 |
Yes
(Since 1982) |
67 |
Purchase & assumption
limited protection and full protection |
Yes
(Since 1986) |
10 |
168 |
0 |
Yes
(Since 1935) |
1,759 |
332 |
Yes
(Since 2008) |
3 |
| Nationalization |
Yes
(Since 1998) |
0 |
3 |
0 |
- |
- |
- |
Yes
(Since 2008) |
1 |
| Financial Assistance |
Yes
(Since 2000) |
0 |
1 |
0 |
Yes
(1950) |
577 |
7 |
Yes
(Since 2008) |
1 |
| Note 1: |
Blanket guarantee was put in place in June 1996. |
| Note 2: |
FDIC has been required to resolve failed banks in the least costly manner since 1992. |
| Note 3: |
In UK, resolution activities before 2007 were payout only. P&A and nationalization were legislated temporarily in 2008 and became permanent after the bank-related bills passed in February 2009. |
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