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FDIC Banking Review

Table 4
Bankruptcy Process
Does a failed bank go through the regular corporate bankruptcy process?
Deposit Insurer Yes No
Advanced Economics
Austria (AAR)

X

 
Austria (AABB)

X

 
Belgium

X

 
Canada  

X

France

X

 
Germany (EdB)

X

 
Germany (E)

X

 
Greece  

X

Isle of Mana

X

 
Italy (IDPF)  

X

Italy (DPFCB)

X

 

Japan  

X

Netherlands  

X

Portugal  

X

Spain

X

 
Sweden

X

 
Taiwan Province of China

X

 
United Kingdom

X

 
  Subtotal

12 

Developing Economies and Economies in Transition
Africa    
  Nigeria  

X

  Tanzania  

X

  Uganda

X

 
Europe    
  Czech Republic  

X

  Hungary  

X

  Latvia  

X

  Lithuania

X

 
  Poland  

X

  Romania

X

 
  Slovak Republic

X

 
  Turkey

X

 
Middle East    
  Bahrain  

X

  Oman

X

 
Western Hemisphere    
  Brazil  

X

  El Salvador

X

 
  Jamaica

X

 
  Mexico

X

 
  Peru

X

 
  Trinidad and Tobago

X

 
 Subtotal

11

8

Total

23

14


Note: Classification of economies into "Advanced," "Developing," or "Economies in Transition" is from International Monetary Fund (2000).

aBritish Crown Dependency

AAR = Association of Austrian Raiffesenbanks

AABB = Association of Austrian Banks and Bankers

EdB = Entschadigungseinrichtung deutscher banken

E = Einlagensicherungs

IDPF = Interbank Deposit Protection Fund

DPFCB = Deposit Protection Fund for Co-operative Banks

Last Updated 10/02/2001 Questions, Suggestions & Requests