IDEAS home Printed from https://ideas.repec.org/a/bpj/eucflr/v20y2023i4p660-691n2.html
   My bibliography  Save this article

The Crisis Management of Smaller Banks: Perspectives of Reform

Author

Listed:
  • Mecatti Irene

    (Senior Lecturer and Adjunct Professor of Business and Banking Law at the University of, Siena, Department of Law)

Abstract

660The current common framework for bank crisis management and national deposit guarantee schemes (CMDI) is tailored for banks which are considered too big (or too complex) to fail. Smaller banks are de facto excluded from the application of resolution, even though they are obliged to contribute to its functioning. In practice, not even the size element has been decisive and the crises of significant as well as less significant institutions have been managed at the national level instead of within the framework and conditions foreseen by the BRRD. The consequent and persistent fragmentation in the European financial market requires that the dichotomy between resolution and liquidation be overcome and that the scope of resolution also include smaller banks. The paper analyses the main reforms needed to achieve this goal, including the European Commission’s recent proposal to revise the CMDI.

Suggested Citation

  • Mecatti Irene, 2023. "The Crisis Management of Smaller Banks: Perspectives of Reform," European Company and Financial Law Review, De Gruyter, vol. 20(4), pages 660-691, December.
    • Handle: RePEc:bpj:eucflr:v:20:y:2023:i:4:p:660-691:n:2
    DOI: 10.1515/ecfr-2023-0029
    as

    Download full text from publisher

    File URL: https://doi.org/10.1515/ecfr-2023-0029
    Download Restriction: For access to full text, subscription to the journal or payment for the individual article is required.
    File URL: https://libkey.io/10.1515/ecfr-2023-0029?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    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:bpj:eucflr:v:20:y:2023:i:4:p:660-691:n:2. 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: Peter Golla (email available below). General contact details of provider: https://www.degruyter.com .

    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.