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Towards establishing a genuine resolution regime for banks in the European Union

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  • Lena Roussenova

Abstract

The article traces the evolution of the European Commission’s ideas and proposals for the establishment of a genuine resolution regime for credit institutions in Member States and the Banking Union. It examines the common resolution regime, to be introduced by the Bank Recovery and Resolution Directive, which will serve as a basis for the operation of the Single Resolution Mechanism within the Banking Union. The analysis focuses on the characteristic features of the bail-in tool as an alternative to bailout. Special emphasis is placed on the on-going debate at the EU institutions on selected key issues of bank resolution and bail in, as reflected by comparing the initial Commission proposal for the Bank recovery and resolution Directive with the follow up Council’s general approach agreement on it.

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  • Lena Roussenova, 2013. "Towards establishing a genuine resolution regime for banks in the European Union," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 6, pages 68-86,87-10.
    • Handle: RePEc:bas:econth:y:2013:i:6:p:68-86,87-101
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    References listed on IDEAS

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    1. Virginia Skidmore Rutledge & Michael Moore & Marc C Dobler & Wouter Bossu & Nadège Jassaud & Jianping Zhou, 2012. "From Bail-out to Bail-in; Mandatory Debt Restructuring of Systemic Financial Institutions," IMF Staff Discussion Notes 12/03, International Monetary Fund.
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    More about this item

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation

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