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From supervision to resolution- next steps on the road to European banking union

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  • Nicolas Véron
  • Guntram B. Wolff

Abstract

Listen to the press conference call. The European Council has outlined the creation of a Single Resolution Mechanism (SRM), complementing the Single Supervisory Mechanism. The thinking on the SRM’s legal basis, design and mission is still preliminary and depends on other major initiatives, including the European Stability Mechanism’s involvement in bank recapitalisations and the Bank Recovery and Resolution (BRR) Directive. The SRM should also not be seen as the final...

Suggested Citation

  • Nicolas Véron & Guntram B. Wolff, 2013. "From supervision to resolution- next steps on the road to European banking union," Policy Contributions 771, Bruegel.
    • Handle: RePEc:bre:polcon:771
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    References listed on IDEAS

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    1. Rishi Goyal & Ms. Petya Koeva Brooks & Mahmood Pradhan & Mr. Thierry Tressel & Mr. Giovanni Dell'Ariccia & Ceyla Pazarbasioglu, 2013. "A Banking Union for the Euro Area," IMF Staff Discussion Notes 2013/001, International Monetary Fund.
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    5. Adam Posen & Nicolas Véron, 2009. "A solution for Europe's banking problem," Policy Briefs 310, Bruegel.
    6. Mathias Dewatripont & Gregory Nguyen & Peter Praet & André Sapir, 2010. "The role of state aid control in improving bank resolution in Europe," Policy Contributions 404, Bruegel.
    7. Chiara Angeloni & Guntram B. Wolff, 2012. "Are banks affected by their holdings of government debt?," Working Papers 717, Bruegel.
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    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Jean Pisani-Ferry & André Sapir & Guntram B. Wolff, . "EU-IMF assistance to euro area countries- an early assessment," Blueprints, Bruegel, number 779, June.
    2. Arnould, Guillaume & Dehmej, Salim, 2016. "Is the European banking system robust? An evaluation through the lens of the ECB׳s Comprehensive Assessment," International Economics, Elsevier, vol. 147(C), pages 126-144.
    3. repec:spo:wpecon:info:hdl:2441/f6h8764enu2lskk9p4srjesb4 is not listed on IDEAS
    4. Andrei HREBENCIUC, 2017. "Banking Union framework and the stability of the European Banking sector," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(1(610), S), pages 291-298, Spring.
    5. Maylis Avaro & Henri Sterdyniak, 2014. "Banking union: a solution to the euro zone crisis?," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(1), pages 193-241.
    6. Jörg Bibow, 2013. "Lost at Sea: The Euro Needs a Euro Treasury," IMK Studies 35-2013, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    7. Andrei HREBENCIUC, 2017. "Banking Union framework and the stability of the European Banking sector," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(1(610), S), pages 291-298, Spring.
    8. Zsolt Darvas & Guntram B. Wolff, 2013. "Should Non-Euro Area Countries Join the Single Supervisory Mechanism?," DANUBE: Law and Economics Review, European Association Comenius - EACO, issue 2, pages 141-163, June.
    9. Steven Rosefielde & Yiyi Liu, 2018. "Local Public Debt Management: Lessons From Greece In Inclusive Economic Perspective," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 63(04), pages 967-980, September.
    10. repec:hal:wpspec:info:hdl:2441/f6h8764enu2lskk9p4srjesb4 is not listed on IDEAS
    11. Edwin M. Truman, 2013. "Asian and European Financial Crises Compared," Working Paper Series WP13-9, Peterson Institute for International Economics.
    12. Nicolas Véron, 2013. "A realistic bridge towards European banking union," Policy Contributions 783, Bruegel.
    13. Trichet, Jean-Claude, 2013. "International policy coordination in the Euro area: Toward an economic and fiscal federation by exception," Journal of Policy Modeling, Elsevier, vol. 35(3), pages 473-481.
    14. Reint Gropp, 2014. "Discussion of Correa, Lee, Sapriza, and Suarez," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 46(s1), pages 123-127, February.

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