Public funding of failing banks in the European Union (LBF vol. 19) 2020/4.8.1.3:4.8.1.3 Partial transfer

Public funding of failing banks in the European Union (LBF vol. 19) 2020/4.8.1.3

4.8.1.3 Partial transfer

Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.

The sale of business and bridge institution tool may also be used to transfer only part of the shares, instruments of ownership, assets, rights or liabilities.1 In case of application of the sale of business or bridge institution tool (not in combination with the asset separation tool), the residual bank or parent company from which the shares, other instruments of ownership, assets, rights or liabilities are partly transferred, has to be wound up in normal insolvency proceedings.2 Shareholders and creditors of the bank in resolution whose shares, other rights of ownership, assets, rights or liabilities have not been transferred, do not have any rights over or in relation to the shares, other rights of ownership, assets, rights or liabilities that are transferred.3

For example, in the case of the resolution of the Portuguese bank BANIF, the shareholders had no longer available the set of assets and liabilities that had been sold to Banco Santander Totta or transferred to the asset management vehicle.4

Deze functie is alleen te gebruiken als je bent ingelogd.