The Bank Recovery and Resolution Directive (BRRD) will require a high degree of consultation, coordination and synchronization within a prolonged period of financial sector stability to be properly implemented. In particular, we celebrate the ex ante risk-based elements of Single Resolution Fund...

Purpose – The purpose of this paper is to explore the arrangements that have been used in the present crisis and their relative success and to look to the post-crisis situation. Design/methodology/approach – The paper examines and explains the crisis and the roles of deposit insurance and...

This book analyses the complex relationship between corporate governance and economic development by focusing on the reform of corporate governance, the role of the legal system, and the interconnections with the financial system.

This article discusses the roles and responsibilities of the various agencies that are part of the financial system safety net, and it sets out a framework for the decision-making process for these actors in the management of a financial crisis. In this context, the article discusses issues of...