Resolution Authority
/ˌrɛzəˈluːʃən ɔːˈθɒrɪti/
Definitions
- (n.) A public entity empowered by law to manage the resolution process of failing financial institutions to maintain financial stability and protect public interests.
The resolution authority intervened to restructure the insolvent bank to prevent systemic risk.
Forms
- resolution authority
- resolution authorities
Related terms
See also
Commentary
Resolution authorities often have powers distinct from regular regulators, including the ability to impose losses on creditors or restructure institutions, emphasizing their key role in crisis management frameworks.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.