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New Measures in the Management of European Banking System under the Influence of the Economic Crisis

Author

Listed:
  • Mitroi Loredana Georgiana

    (University Valahia of Targoviste)

  • Nicolae (Gîju) Elena Daniela

    (University Valahia of Targoviste)

Abstract

The financial crisis has highlighted the need for an EU framework for bank recovery and resolution. The European Commission proposed on Wednesday a series of measures to introduce European standards in terms of bank recovery and resolution. These standards ensure that in future the authorities will have the means to intervene decisively before the onset of both problems, and in the first phase of a possible crisis. The proposed tools are divided into powers of "prevention", "early intervention" and "resolution". This article aims to show what exactly to aspect from these measures and what European Bank Union means..

Suggested Citation

  • Mitroi Loredana Georgiana & Nicolae (Gîju) Elena Daniela, 2013. "New Measures in the Management of European Banking System under the Influence of the Economic Crisis," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 1378-1383, May.
  • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:1:p:1378-1383
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    More about this item

    Keywords

    bank management; economic crisis; prevention; early intervention; resolution.;
    All these keywords.

    JEL classification:

    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • M - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics

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