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The New Bank Resolution Framework

In: The New Bail-In Legislation

Author

Listed:
  • Angela Maria Maddaloni

    (European Central Bank)

  • Giulia Scardozzi

    (Roma Tre University)

Abstract

Since the global financial crisis, the European banking industry has experienced great turmoil. European policymakers have implemented a harmonized and enhanced European banking union based on three pillars—supervision (via the creation of the Single Supervisory Mechanism), resolution (via the creation of the Single Resolution Board and the Bank Recovery and Resolution Directive), and deposit insurance. This chapter focuses on the second pillar that introduced the bail-in tool. This tool, introduced with the Bank Recovery Resolution Directive, aims at fostering an orderly and harmonized crisis management in European countries. This chapter highlights the economic mechanisms at work including the possible unintended consequences caused by the change in resolution policy. These include inter alia, political economy hurdles on the implementation, the possibility of runs, and miss-selling.

Suggested Citation

  • Angela Maria Maddaloni & Giulia Scardozzi, 2022. "The New Bank Resolution Framework," Palgrave Macmillan Studies in Banking and Financial Institutions, in: The New Bail-In Legislation, chapter 0, pages 1-15, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-3-030-87560-2_1
    DOI: 10.1007/978-3-030-87560-2_1
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    Keywords

    Bail-in; BRRD; EBU; Bank resolution;
    All these keywords.

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