Enhancing the Credibility of Resolution
An Analysis of the Impact of Recovery and Resolution Planning and Loss-Absorbing Capital Requirements on the Credibility of Bail-In
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Beschreibung
The financial crisis of 2007/08 was caused by a market failure that led to macroeconomically costly government bailouts, caused by the inherent fragility and complexity of the banking system. The resulting implicit state guarantee was anticipated by market participants and distorted risk pricing and market behavior. The aim of recent European regulatory initiatives has been to counteract this phenomenon, known as Too Big To Fail, through the financial participation of those very same market participants. This thesis examines whether the newly created bail-in instrument under the Bank Recovery and Resolution Directive (BRRD) makes a promising and credible contribution towards remedying distorted market discipline and costly bailout practice.
Autor*in
Lara Letizia Milione
Themen in »Enhancing the Credibility of Resolution«
Single Resolution Mechanism Mindestkapitalanforderungen Abwicklungsplanung Bail-In BRRD Bankenaufsichtsrecht Abwicklungsrecht ökonomische Analyse des Rechts Bankrecht Restrukturierungsplanung Bankinsolvenzrecht