With respect to institutions, an intergovernmental agreement long sought by the Basel Committee on Banking Supervision to ensure orderly resolution and appropriate loss sharing in the event of insolvency. So far – and probably also in the near future – such a global agreement has yet to be reached. – In general, it is to be feared that in an emergency, individual states will immediately take their own insolvency measures in order to segregate assets located on their own territory and set them aside for domestic creditors.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/