On the procedure of bankruptcy of financial organizations

In ᅟ this ᅟ article, ᅟ the ᅟ author ᅟ investigates ᅟ the ᅟ institution ᅟ of ᅟ bankruptcy ᅟ of ᅟ financial ᅟ organizations. ᅟ In ᅟ the ᅟ focus ᅟ - ᅟ features ᅟ and ᅟ novels ᅟ of ᅟ legal ᅟ regulation. ᅟ The ᅟ problematic ᅟ aspects ᅟ are ᅟ illustrated ᅟ by ᅟ judicial ᅟ practice ᅟ and ᅟ doctrinal ᅟ developments. ᅟ The ᅟ article ᅟ analyzes ᅟ approaches ᅟ to ᅟ the ᅟ resolution ᅟ of ᅟ insolvency ᅟ (bankruptcy) ᅟ of ᅟ financial ᅟ organizations ᅟ contained ᅟ in ᅟ the ᅟ "Key ᅟ attributes ᅟ of ᅟ effective ᅟ regimes ᅟ for ᅟ the ᅟ resolution ᅟ of ᅟ insolvency ᅟ of ᅟ financial ᅟ institutions" ᅟ approved ᅟ by ᅟ the ᅟ Financial ᅟ Stability ᅟ Board, ᅟ as ᅟ well ᅟ as ᅟ ways ᅟ to ᅟ prevent ᅟ insolvency ᅟ of ᅟ financial ᅟ organizations, ᅟ as ᅟ established ᅟ by ᅟ the ᅟ Federal ᅟ Law ᅟ on ᅟ Insolvency ᅟ (Bankruptcy). ᅟ Comparison ᅟ of ᅟ approaches ᅟ to ᅟ prevent ᅟ insolvency ᅟ of ᅟ credit ᅟ institutions ᅟ and ᅟ non-credit ᅟ financial ᅟ organizations ᅟ is ᅟ given. ᅟ Specifics ᅟ of ᅟ the ᅟ prevention ᅟ of ᅟ insolvency ᅟ of ᅟ financial ᅟ organizations ᅟ are ᅟ formulated.