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...

The financial crisis renewed the debate on the bailout of financial institutions, questioning the effectiveness of such an intervention in restoring normal economic conditions. This paper analyzes the effect of State aids to distressed banks on the real economy, using a panel approach that...