This report, From Hibernation to Revitalization: Analysis of Insolvency COVID-19 Response Measures and their Wind-Down, is a commentary and summation of data collected from an original survey jointly conducted...
This Toolkit is aimed primarily at policy makers, financial institutions, and enterprises. It examines different types of corporate restructuring procedures on the basis that one size does not fit across...
This paper provides insights into recent business practices in Southeast Asia and market participants’ views on policy and regulation issues. The research is based on a survey of data issuers, intermediaries...
This note is part of the series of COVID-19 Notes developed by the World Bank Group’s Equitable Growth, Finance, and Institutions (EFI) team. By highlighting concrete examples of insolvency and debt restructuring...
This note is part of the series of COVID-19 Notes developed by the World Bank Group’s Equitable Growth, Finance and Institutions (EFI) team. By highlighting concrete examples of insolvency and debt restructuring...
In modern economies, banks are typically the primary financial intermediaries and are fundamental to a stable financial system, one that is capable of efficiently allocating resources, assessing and managing...
Coordination between secured transactions law and rules regulating financial products and institutions is of primary importance to support establishing a sound and inclusive credit ecosystem. This Primer...
One of the critical challenges to micro, small, and medium enterprises (MSMEs) continues to be access to finance (World Bank 2019). Asset-based lending (ABL) is emerging as a unique financing option for...
In recent years, as more and more regulators have begun to assume the role of supervision and oversight over credit bureau(s), the World Bank Group has supported supervisors in understanding and carrying...
The COVID-19 crisis has affected firms’ liquidity and balance sheet. Many firms are expected to become insolvent. The surge in the number of bankruptcy cases is likely to result in higher costs, longer...
The report presents: current challenge; general practice; country responses; and ICCR policy recommendations.
This guidance note focuses on the regulatory implications that the deployment of distributed ledger technology (DLT) entails for secured transactions and collateral registry (STCR) frameworks. In particular...
This global study seeks to assess how financial technology firms (FinTechs) have been impacted by Covid-19, and how they are responding to the resultant challenges and opportunities. The study is a joint...
This brief showcases the lessons learned from the Africa Round Table (ART), a collaborative forum that has brought together countries from east, west, and southern Africa. The forum has led to more than...
This issue of the World Bank research observer contains the following articles: the odds of achieving the MDGs; the challenges of bankruptcy reform; school feeding programs and development: are we framing...
This paper provides a comparative summary of the payout phase of insolvency systems in the MENA Region. Countries in the region generally have weaker restructuring and liquidation systems than those in...
The 2008 financial crisis was followed by a global economic downturn, credit crunch, and reduction in cross-border lending, trade finance, remittances, and foreign direct investment, which adversely affected...