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Resolution Reform

Author

Listed:
  • Thomas F. Huertas

    (Ernst & Young)

Abstract

Although bail-outs helped contain the financial crisis in 2008, making bail-outs the norm would undermine the public finances and sow the seeds for future crises. To prevent this, policymakers are reforming resolution at both the global and European level. This will assure that banks can fail without significant disruption to financial markets or the economy at large with shareholders and creditors, not taxpayers, bearing the cost. That in turn will improve market discipline and reinforce regulatory and supervisory measures to enhance financial stability.

Suggested Citation

  • Thomas F. Huertas, 2014. "Resolution Reform," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 13(4), pages 86-99.
    • Handle: RePEc:mnb:finrev:v:13:y:2014:i:4:p:86-99
    as

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    File URL: http://english.hitelintezetiszemle.hu/letoltes/4-huertas-en.pdf
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    References listed on IDEAS

    as
    1. Thomas F. Huertas, 2014. "Safe to Fail," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-137-38365-5.
    2. Thomas F. Huertas, 2014. "Safe to Fail," Palgrave Macmillan Books, in: Safe to Fail, chapter 4, pages 82-133, Palgrave Macmillan.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    banking; resolution; regulation; bail-in; financial stability;
    All these keywords.

    JEL classification:

    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management

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