This institution should be an international version of the US Chapter 11 Bankruptcy Code. But, while the goal of Chapter 11 is to save the ongoing value of a firm, the goal of the international resolution mechanism should be to preserve the ongoing value of the counterparties of insolvent financial institutions.
该机构应该是美国破产法第十一章的国际版本。但当第十一章立足于保存破产公司的现有价值之时，国际救助机制的目标则恰恰相反，是保存那些破产金融机构的相对方的现有价值。