- Tytuł:
- Resolution tools in the opinion of EU resolution authorities
- Autorzy:
- Kozińska, Magdalena
- Powiązania:
- https://bibliotekanauki.pl/articles/2097015.pdf
- Data publikacji:
- 2018
- Wydawca:
- Polska Akademia Nauk. Komitet Nauk o Finansach PAN
- Tematy:
-
systemic crisis
bank resolution
resolution tools
sale of bank business
mergers and takeovers in crisis
bail-in
bad bank
bridge bank - Opis:
- After the banking crisis, the European Union (EU) introduced a framework for the restructuring and orderly liquidation of credit institutions. The overarching goal of the new rules is to manage severe banking crisis more efficiently. One of the main pillars of the European bank resolution regime are the powers of the resolution authorities to use resolution tools (sale of business, bridge bank, bad bank and bail-in). However, the question arises whether the implemented toolkit will be sufficient to effectively contain systemic banking crisis. The literature regarding empirical research on the effectiveness of the BRRD tools provides ambiguous conclusions. Therefore, the newly established resolution authorities in the EU were asked to express their opinion about their readiness to combat systemic crisis and the usefulness of the accessible toolkit. The evaluation of the effectiveness of the resolution tools in a systemic crises by the resolution authorities showed that the most effective resolution tool seems to be the bad bank, while bank liquidation was rated as the least appropriate. Nevertheless, the resolution authorities also identified many barriers for all resolution tools that may limit the ability of their implementation and possibly translate into the lower effectiveness of the resolution framework.
- Źródło:
-
FINANSE Czasopismo Komitetu Nauk o Finansach PAN; 2018, 1(11); 68-88
1899-4822 - Pojawia się w:
- FINANSE Czasopismo Komitetu Nauk o Finansach PAN
- Dostawca treści:
- Biblioteka Nauki
Artykuł