lawmakers should weigh general welfare against this autonomy principle, especially as regards new European bank insolvency law …

This paper analyzes the bail-in tool under the Bank Recovery and Resolution Directive (BRRD) and predicts that it will … establishing adequate market discipline through risk-reflecting prices for bank capital. The main reason for this lies in the … bank’s balance sheet should be subjected to bail-in is misguided. Instead, a concentration of PSI in instruments that fall …

through risk-reflecting prices for bank capital. The main reason for this lies in the avoidable embeddedness of the BRRD … approach that seeks to disentangle private sector involvement as a precondition for effective bank-resolution as much as …

From the start of 2016, new rules for bank resolution are in place – as spelled out in the Bank Recovery and Resolution … liabilities (MREL) for each bank. But given the diversity in bank structures and instruments at EU and global level, this will be …

to EC Regulation 139/2004 with taking into account the systemic role that the merged bank may have and which impact such … fail bank' may restrain competition, though it should be borne in mind that such effects may take place at the end of a …

that arises in case of resolution or bankruptcy. This net benefit, which may be capitalized into the value of the bank … distress despite increasing encumbrance of the bank's balance sheet. The benefit is maximized when resolution is initiated …