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Why MREL won't help much: Minimum requirements for bail-in capital as insufficient remedy for defunct private sector involvement under the European bank resolution framework
Tröger, Tobias H. - 2017
and eligible liabilities (MREL) are also highly detailed and discretionary and thus alleviate the predicament of investors … in bail-in debt, at best, only insufficiently. Quite importantly, given the character of typical MREL instruments as non … purchase, subsequent adjustment of MREL-prescriptions by competent or resolution authorities potentially change the risk …
Persistent link: https://www.econbiz.de/10011712190
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Why MREL won't help much
Tröger, Tobias - 2017
and eligible liabilities (MREL) are also highly detailed and discretionary and thus alleviate the predicament of investors … in bail-in debt, at best, only insufficiently. Quite importantly, given the character of typical MREL instruments as non … purchase, subsequent adjustment of MREL-prescriptions by competent or resolution authorities potentially change the risk …
Persistent link: https://www.econbiz.de/10011721243
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Reform of the CMDI framework: Driving off with the breaks on
Asimakopoulos, Ioannis G.; Tröger, Tobias - 2024
The lack of a European Deposit Insurance Scheme (EDIS) - often referred to as the "third pillar" of Banking Union - has been criticized since the inception of the EU Banking Union. The Crisis Management and Deposit Insurance (CMDI) framework needs to rely heavily on banks' internal loss...
Persistent link: https://www.econbiz.de/10014528298
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Reform of the CMDI framework: Driving off with the breaks on
Asimakopoulos, Ioannis G.; Tröger, Tobias - 2024
The lack of a European Deposit Insurance Scheme (EDIS) - often referred to as the 'third pillar' of Banking Union - has been criticized since the inception of the EU Banking Union. The Crisis Management and Deposit Insurance (CMDI) framework needs to rely heavily on banks' internal loss...
Persistent link: https://www.econbiz.de/10014531822
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Five years after the Liikanen Report: What have we learned?
Götz, Martin; Krahnen, Jan Pieter; Tröger, Tobias - 2017
The publication of the Liikanen Group's final report in October 2012 was surrounded by high expectations regarding the implementation of the reform plans through the proposed measures that reacted to the financial and sovereign debt crises. The recommendations mainly focused on introducing a...
Persistent link: https://www.econbiz.de/10011763055
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Lessons from the European financial crisis
Pagano, Marco - 2014
This paper distils three lessons for bank regulation from the experience of the 2009-12 euro-area financial crisis. First, it highlights the key role that sovereign debt exposures of banks have played in the feedback loop between bank and fiscal distress, and inquires how the regulation of...
Persistent link: https://www.econbiz.de/10010421125
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Bank bond holdings and bail-in regulatory changes: Evidence from euro area security registers
Altavilla, Carlo; Fernandes, Cecilia Melo; Ongena, Steven; … - 2022
securities holdings by banks, we document that the introduction of the minimum requirements for eligible liabilities (MREL … funds and eligible liabilities (TLAC) instead raised the incentives for non-issuing banks to invest in eligible subordinated …
Persistent link: https://www.econbiz.de/10014374395
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States, Banks and the Financing of the Economy: Monetary Policy and Regulatory Perspectives
Balling, Morten; Jackson, Patricia; Gnan, Ernest; … - 2013
On 5-6 September 2012 SUERF held its 30th Colloquium “States, Banks, and the Financing of the Economy” at the University of Zürich, Switzerland. The papers included in this SUERF Study are based on contributions to the Colloquium. All the papers in this publication discuss from different...
Persistent link: https://www.econbiz.de/10011689959
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National interests and supranational resolution in the European Banking Union
Tröger, Tobias; Kotovskaia, Anastasia - 2022
We investigate whether the bank crisis management framework of the European banking union can effectively bar the detrimental influence of national interests in cross-border bank failures. We find that both the internal governance structure and decision making procedure of the Single Resolution...
Persistent link: https://www.econbiz.de/10012821232
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Towards Putting a Price on the Risk of Bank Failure
Snethlage, Daniel - 2015
This paper develops a new approach for conceptualizing and measuring the risk associated with bank failure. The price of this risk in risk-adjusted present-value terms is estimated at $170-340 million per annum (0.07-0.15% of GDP), representing the price of the financial risk that exists ex-ante...
Persistent link: https://www.econbiz.de/10012115693