A.Michael Andrews and Associates Limited
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Resolving Troubled Financial Institutions
Our advice to supervisory authorities and
deposit insurers on resolution strategies draws on actual hands-on experience
with intervention and gaining control of weak
institutions, completing mergers, deposit transfers,
asset sales, liquidations and bankruptcies.
Maintaining confidence and stability is paramount, and is
best achieved through early, decisive action. Well
planned and executed closure options, which include
mergers and purchase and assumption transactions, can
minimize disruption to depositors, thus maintaining
confidence while at the same time stopping the
accumulation of ongoing losses in banks.
This philosophy has been tested in practice in many
countries around the world. It is documented in a
paper Mike Andrews co-authored with an International
Monetary Fund colleague, Mats Josefsson, "What
Happens After Supervisory Intervention?
Considering Bank Closure Options", and in the
contribution Mike Andrews made to the Basel
Committee Task Force which produced Supervisory
Guidance on Dealing with Weak Banks.
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