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Details
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Members
Name:
Insolvency Law Group of Experts (E02413)
Closed
This group no longer exists
Abbreviation:
ILEG
Policy Area:
Internal Market
Lead DG:
FISMA - DG Financial Stability, Financial Services and Capital Markets Union
Type:
Informal, Temporary
Scope:
Limited
Mission:
Provide information, clarifications and advice on national and international, substantive and procedural laws applicable to crisis management, resolution and insolvency of banks and on the practical application of these laws to banking groups both in national and cross-border cases. Provide advice and opinions on the design and drafting of EU legal framework for the management of crisis in cross-border banking groups, including rules concerning early intervention of supervisors, bank resolution, reorganisation and liquidation, protection of the rights of shareholders, creditors and other concerned parties, coordination of the integration of bank resolution or insolvency proceedings. Provide input and data for the impact assessment of legislation proposals in this area, in particular in order to identify problems, objectives and policy options and sub-options and assess their impacts.
Task:
Assist the Commission in the preparation of legislation or in policy definition
Composition:
Finance , Banking, Law (corporate), Academia, Statistics, Civil service, Association (Banking)
Contact:
markt-h4@ec.europa.eu
Publication in RegExp:
26 May 2010
Link to Website:
Last updated:
24 Jan 2013
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