CAJ | 학술논문

在本次金融危机中，由于在原有的法律体系内缺少有效的危机处置制度，为了保存银行的基本金融服务，当局不得不利用纳税人的钱救助银行，以避免银行倒闭的多米诺骨牌效应，重建市场信心。为了保护纳税资金同时有效的管理银行危机，就需要一种新的制度安排。自救债就是一种可以被处置当局通过减记或者转换成银行股份的方式为银行注资的制度安排。
재본차금융위궤중，유우재원유적법률체계내결소유효적위궤처치제도，위료보존은행적기본금융복무，당국불득불이용납세인적전구조은행，이피면은행도폐적다미낙골패효응，중건시장신심。위료보호납세자금동시유효적관리은행위궤，취수요일충신적제도안배。자구채취시일충가이피처치당국통과감기혹자전환성은행고빈적방식위은행주자적제도안배。
During this “Great Crisis”, because of lacking a special resolution regime , governments have to bail -out problem banks by resorting to public funds , in order to preserve banks′essential functions and restore market′s confi-dence .To protect taxpayers′interest and manage the crisis effectively , we need to introduce a new institutional arrange-ment.Bail-in debt is the very legal arrangement that can recapture the failing banks rapidly through writing down or converting to bank′s common equity .