1) Financial regulation
Found on
https://www.crosswordclues.com/clue/bridge-bank
[Nigeria] A bridge bank is a temporary bank organized by the regulators (CBN & NDIC) to administer the deposits and liabilities of a failed bank. Under the arrangement, the Nigeria Deposit Insurance Corporation (NDIC) is authorized to operate a failed bank for a period until a buyer can be found for its operations. The Bridge Bank option is...
Found on
http://en.wikipedia.org/wiki/Bridge_bank_(Nigeria)
[United States] In the United States law of banking regulation, a bridge bank is a temporary bank organized by federal bank regulators to administer the deposits and liabilities of a failed bank. Under the Competitive Equality Banking Act (CEBA) of 1987, the Federal Deposit Insurance Corporation (FDIC) is authorized to operate a failed bank...
Found on
http://en.wikipedia.org/wiki/Bridge_bank_(United_States)
Is an organization which is created to serve as a vehicle to transport damaged loans or securities from an ailing financial institution. Often these nonperforming securities are package into securities or portfolios, which may be, acquired by turn-around specialists or vulture funds at significantly discounted prices. This activity can help improve...
Found on
http://www.oasismanagement.com/glossary/
No exact match found.
