IDEAS home Printed from https://ideas.repec.org/a/ces/ifofor/v22y2021i01p37-39.html
   My bibliography  Save this article

European Banking Reform Should Embrace a Unitary Approach to Failed Banks

Author

Listed:
  • Anna Gelpern
  • Nicolas Véron

Abstract

Six years after starting the banking union, the European Union has reiterated its members’ commitment to “make further concrete progress on the Banking Union by the end of the year”(Donohoe 2020). EU officials are right not to let Covid-19 derail necessary debates over this objective. But the reinvigorated discussion has become increasingly confused when it comes to dealing with failed banks. There is a danger that the EU could cite experience with the US Federal Deposit Insurance Corporation (FDIC) to make its already fragmented regime even more fragmented. That would be a mistake. A closer look at the FDIC model highlights the value of a unitary process for resolving all deposit taking banks, no matter how large or small.

Suggested Citation

  • Anna Gelpern & Nicolas Véron, 2021. "European Banking Reform Should Embrace a Unitary Approach to Failed Banks," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 22(01), pages 37-39, January.
    • Handle: RePEc:ces:ifofor:v:22:y:2021:i:01:p:37-39
    as

    Download full text from publisher

    File URL: https://www.cesifo.org/DocDL/Cesifo-Forum-2021-1-gelpern-veron-European-Banking-Reform-january.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Brei, Michael & Gambacorta, Leonardo & Lucchetta, Marcella & Parigi, Bruno Maria, 2023. "How effective are bad bank resolutions? New evidence from Europe," Journal of Financial Stability, Elsevier, vol. 67(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ces:ifofor:v:22:y:2021:i:01:p:37-39. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Klaus Wohlrabe (email available below). General contact details of provider: https://edirc.repec.org/data/ifooode.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.