” a bank is to use a series of tools under banking and insolvency legislation to address its financial distress in a … institutions, to intervene at an early stage of financial distress, and to resolve the financially distressed bank in a timely … manner. Resolution is the restructuring of a financially distressed or insolvent bank by a designated authority. To “resolve …

concentrated banking markets and bank-dependent industries. Resolutions also significantly decrease SME lending and increase … business bankruptcies, consistent a bank lending channel in which large out-of-market acquirers ration credit to the small … business borrowers of target banks. Overall, current bank resolution policy may have costly externalities for local economic …