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The MREL framework under the banking reform package
Maragopoulos, Nikos - 2020
Persistent link: https://www.econbiz.de/10012436955
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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/10011720767
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MREL and TLAC : the path from Bail-out to Bail-in for banks' creditors in the European Union
Best, Stefan; Read, Oliver - In: Credit and capital markets : Kredit und Kapital 50 (2017) 3, pp. 337-362
Persistent link: https://www.econbiz.de/10011945448
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The SSM at 1
Laeven, Luc; Draghi, Mario; Dombret, Andreas R.; … - SUERF - The European Money and Finance Forum; Deutsche …; … - 2016
On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial College) gave the SUERF 2015 Annual Lecture on Capital and...
Persistent link: https://www.econbiz.de/10011557140
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Financial restructuring and resolution of banks
Colliard, Jean-Edouard; Gromb, Denis - 2018
How do resolution frameworks affect the private restructuring of distressed banks? We model a distressed bank's shareholders and creditors negotiating a restructuring given asymmetric information about asset quality and externalities onto the government. This yields negotiation delays used to...
Persistent link: https://www.econbiz.de/10012118187
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Limits on State-Funded Bailouts in the EU Bank Resolution Regime
Hadjiemmanuil, Christos - 2017
In the post-crisis environment, the new European policy orthodoxy insists on avoiding state-funded bailouts of banks in distress under all but the most exacting circumstances. This is reflected in the two distinct but interrelated sets of norms governing bank resolution actions: the Commission's...
Persistent link: https://www.econbiz.de/10012963737
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Bail-In vs Bail-Out : Bank Resolution and Liability Structure
Leanza, Luca - 2019
What is the joint impact of different resolution regimes and capital requirements on the optimal liability structure of a bank holding insured deposits and issuing non-bail-inable debt and bail-inable Tier1-capital debt? We address this novel question and find that: 1) a credible bail-in...
Persistent link: https://www.econbiz.de/10012893415
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Can asset reconstruction companies (ARCs) be part solution to the Indian debt problem?
Bhagwati, Jaimini; Khan, M. Shuheb; Bogathi, … - 2017
The Indian debt overhang issue is one of the major reasons that fresh investments are currently not being made in the scale required to promote higher growth and boost employment. Among banks the public sector banks (PSBs) are burdened with the bulk of net non-performing loans (NNPAs). These...
Persistent link: https://www.econbiz.de/10011638458
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The UBS-Credit Suisse Merger : Helvetia's Gift
Böni, Pascal; Kroencke, Tim-Alexander; Vasvari, Florin P. - 2023
The UBS- Credit Suisse (CS) merger in March 2023, one of the biggest banking unions in history, was an emergency rescue deal engineered by Swiss authorities to avoid more market-shaking turmoil in global banking. The merger resulted in a significant increase in the combined stakeholder net...
Persistent link: https://www.econbiz.de/10014349670
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A Soft Bail-Out Concept to Reduce Contagion in Financial Systems
Aussenegg, Wolfgang - 2012
Problem: The financial crisis of 2007-2009 has shown that regional problems in the financial industry can quickly spread over to the complete financial system and can even affect the worldwide economy. Thus, current financial systems are characterized by a high degree of interconnections and...
Persistent link: https://www.econbiz.de/10013111963