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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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