Abstract
ABSTRACT The 2023 banking turmoil showed that there is still work to do on banking reforms. This is particularly true when it comes to bank resolution. This note examines the resolution of Credit Suisse and focuses specifically on its international dimension. Two issues deserve particular attention. First, the peculiar resolution action by the Swiss authorities confirms that despite a standardised global blueprint for bank resolution, banks are still ‘global in life but national in death’. Second, the litigation strategies of AT1 investors present some interesting developments, notably the use of investor-state dispute settlement.
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