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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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inter-bank borrowing has gradually been replaced by collateralised central bank lending. This has in turn affected … collateral availability and the need for high-quality assets. The European Central Bank has reacted to this development by … accept bank loans as collateral). In the context of these developments, this article assesses and comments on various aspects …
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