Fratzscher, Marcel; Lambert, Claudia; Rieth, Malte - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 94 (2014), pp. 15-21
In December 2013 agreement on the second pillar of the banking union was reached. The SRM sets up restructuring guidelines for banks, including a bank-paid resolution fund, fully operational in 2025. In the article we discuss how the current design of the banking union falls short of the goal of...
