The 2008 financial crisis all but brought down the financial system and real economies of industrial countries. The Banking Union took a broad approach to resolve the structural fragmentation and distortions in the European banking system which were major obstacles to a working single market for financial services. This book examines the numerous changes happening to European legislations for the prevention and management of banking crises. What emerges is a changing picture of regulations and institutions, of goals, tools and opinions, public and private, European and national all involved in the task. The book focuses on the new framework for banking crisis management, starting from the foundations of banking regulation and supervision. It explores the institutional architecture of banking supervision and crisis management, the powers of the authorities, the tools for administrative actions, the complexities of business and bankruptcy laws, individual rights and their legal guarantees.
Giuseppe Boccuzzi
financial crisis banking union regulation insolvency supervision reform Lamfalussy system monetary policy European banking authority national resolution authorities Liquidation bank resolution fund (BRF) deposit guarantee schemes European stability mechanism (ESM) insolvency regimes
“This book focuses on changes that happen in European legislation for the prevention and management of the banking crises, it analyses and investigates many innovative aspects of the European regulatory framework. It explores the new system for managing banking crises and is aimed at those with an interest in this subject matter, experts, operators, researchers, and students of banking and finance.” (Wonderpedia, wonderpadia.wikifoundry.com, 2017)
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