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The European Commission’s approach to the supervision and restructuring of the EU banking system has numerous shortcomings. As an alternative, this article proposes a European Resolution Authority and a European Restructuring Fund for systemically important banks and the implementation of a...
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unit, a so-called bad bank. This plan effectively addresses three key challenges. It provides for the transparent removal …
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Eurosystem, the Bank of England (BoE) and the Federal Reserve System (Fed). A complementary article, to appear in a subsequent …
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Brexit is not only a historical chapter of the British — EU relationship, but it also carries immense challenges for fi nancial market stability in the short and medium run for the 28 member states of the European Union. The scale of these challenges depends heavily on the outcome of EU-UK...
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