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Resolution Frameworks for Islamic Banks [electronic resource] / Elsie Addo Awadzi.

Author/Creator:
Awadzi, Elsie Addo.
Publication:
Washington, D.C. : International Monetary Fund, 2015.
Format/Description:
Government document
Book
1 online resource (34 p.)
Series:
IMF eLibrary
IMF Working Papers; Working Paper ; No. 15/247
IMF Working Papers; Working Paper ; No. 15/247
Status/Location:
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Summary:
Islamic banking is growing rapidly and its potential impact on global financial stability cannot be underestimated. International standards for resolving banks have evolved after the global financial crisis, culminating in the Financial Stability Board's ("FSB") Key Attributes of Effective Resolution Regimes for Financial Institutions. This paper examines the applicability of the Key Attributes to the resolution of Islamic banks. It concludes that a number of issues would need to be addressed, owing to Islamic banks' unique governance structures and balance sheets. It recommends international guidance for the design of robust Shari`ah -compliant resolution frameworks for jurisdictions with Islamic banks.
Notes:
Part of the IMF eLibrary collection.
Description based on print version record.
Contributor:
Awadzi, Elsie Addo.
Chartouni, Carine.
Tamez, Mario.
Other format:
Print Version: Awadzi, Elsie Addo. Resolution Frameworks for Islamic Banks
ISBN:
1513503219
9781513503219
ISSN:
1018-5941
Publisher Number:
10.5089/9781513503219.001 doi
Access Restriction:
Restricted for use by site license.