Die Abhandlung stellt die wesentlichen Neuerungen der europäischen Regelungen zur Sanierung und Abwicklung von Kreditinstituten vor. In diesem Zusammenhang werden die Fragen aufgeworfen, ob die vorrangige Heranziehung der Kapitalgeber und der Gläubiger von Banken bei der Bankenabwicklung zur...

Based on detailed regulatory intervention data among German banks during 1994-2008, we test if supervisory measures affect the likelihood and the timing of bank recovery. Severe regulatory measures increase both the likelihood of recovery and its duration while weak measures are insignificant....

Improving the regulation of banks has been at the centre of economic policy actions since the outbreak of the global financial crisis. One of the many and conceptually very different measures proposed is to improve the corporate governance of banks by setting qualification standards for banks’...

Based on detailed regulatory intervention data among German banks during 1994-2008, we test if supervisory measures affect the likelihood and the timing of bank recovery. Severe regulatory measures increase both the likelihood of recovery and its duration while weak measures are insignificant....

Current theories of financial regulation suggest expanding rules-based formal state intervention to promote international banking stability. Such policy solutions should then be global in scope. This article instead argues that principles-based informal co- and self-regulation through domestic...

In diesem Beitrag werden mögliche ordnungspolitische Konsequenzen der Finanzmarktkrise in Folge der Turbulenzen auf dem US-amerikanischen Hypothekenkreditmarkt diskutiert. Zunächst erläutern die Autoren theoretisch und empirisch die Phänomene der Bankenkrisen und der Ansteckung in einem...

In May 2002, Germany's new single supervisory authority for financial services became operational. The paper examines the impact of this reform on existing deposit insurance schemes within the country. Focusing on the private banks' deposit insurance fund, which had played an important role as a...