IDEAS home Printed from https://ideas.repec.org/p/fip/fedgif/1238.html
   My bibliography  Save this paper

Measuring the Implementation of the FSB Key Attributes of Effective Resolution Regimes for Financial Institutions in the European Union

Author

Listed:
  • Nicholas S. Coleman
  • Andromachi Georgosouli
  • Tara N. Rice

Abstract

There are lingering concerns about the health of European banks and extensive market commentary about whether post-crisis regulatory reforms in Europe have adequately addressed these concerns. In June 2012, European policymakers released the broad outlines of a proposal for a \"European banking union\" to strengthen the banking sector and help assuage concerns of investors and depositors, however, uncertainty remains regarding how the new EU bank resolution regime, the Bank Recovery and Resolution Directive (BRRD), will work in practice. This paper addresses whether the BRRD has fulfilled the requirements of the FSB Key Attributes for Resolution Regimes, which many take to be the gold standard bank resolution framework. We find that the BRRD diverges from the FSB Key Attributes or allows variation at the Member State level in multiple areas. The majority of these variations point to slight inconsistencies with the FSB recommendations. That said, some variations may have a larger impact than others.

Suggested Citation

  • Nicholas S. Coleman & Andromachi Georgosouli & Tara N. Rice, 2018. "Measuring the Implementation of the FSB Key Attributes of Effective Resolution Regimes for Financial Institutions in the European Union," International Finance Discussion Papers 1238, Board of Governors of the Federal Reserve System (U.S.).
  • Handle: RePEc:fip:fedgif:1238
    DOI: 10.17016/IFDP.2018.1238
    as

    Download full text from publisher

    File URL: https://www.federalreserve.gov/econres/ifdp/files/ifdp1238.pdf
    Download Restriction: no

    File URL: https://libkey.io/10.17016/IFDP.2018.1238?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
    ---><---

    References listed on IDEAS

    as
    1. Paolo Giudici & Laura Parisi, 2016. "Bail in or Bail out? The Atlante example from a systemic risk perspective," DEM Working Papers Series 124, University of Pavia, Department of Economics and Management.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. McNamara, Christian & Mott, Carey & Gupta, Salil & Feldberg, Greg & Metrick, Andrew, 2024. "Survey of Resolution and Restructuring in Europe: Pre- and Post-BRRD," Journal of Financial Crises, Yale Program on Financial Stability (YPFS), vol. 6(1), pages 1-34, March.
    2. Koetter, Michael & Krause, Thomas & Sfrappini, Eleonora & Tonzer, Lena, 2022. "Completing the European Banking Union: Capital cost consequences for credit providers and corporate borrowers," European Economic Review, Elsevier, vol. 148(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.

      More about this item

      Keywords

      FSB Key Attributes; BRRD; European Banks;
      All these keywords.

      JEL classification:

      • G20 - Financial Economics - - Financial Institutions and Services - - - General
      • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
      • K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law

      NEP fields

      This paper has been announced in the following NEP Reports:

      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:fip:fedgif:1238. 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.

      If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Ryan Wolfslayer ; Keisha Fournillier (email available below). General contact details of provider: https://edirc.repec.org/data/frbgvus.html .

      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.