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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
This paper develops a formula to numerically estimate the unsubsidized, fair-market value of the toxic assets purchased with Federal Reserve loans. It finds that subsidy rates on these loans were on average 33.9 percent at origination. In contrast, by the 3rd quarter of the 2010, there was on...
Persistent link: https://www.econbiz.de/10013252762
The adoption of the “Bank ... …
Persistent link: https://www.econbiz.de/10012436955
On 16th November 2009, SUERF, CEPS and the Belgian Financial Forum coorganized a conference "Crisis management at cross-roads" in Brussels. All papers in the present volume are based on contributions at the conference and the SUERF Annual Lecture which followed the event.
Persistent link: https://www.econbiz.de/10011706117
equity returns of key events associated with the two cornerstones of the European bail-in regime, the Bank Recovery … & Resolution Directive (BRRD) and the Single Resolution Mechanism Regulation (SRM-R), and other relevant events. Contrary to the … regulations’ objectives, we find that regulatory events associated with the implementation of BRRD and SRM-R led to tighter CDS …
Persistent link: https://www.econbiz.de/10013305588
Persistent link: https://www.econbiz.de/10011781606
of bank crisis management. Bail-in enables a country’s banking authorities to force a failing bank’s immediate … banking authorities of the Member States can apply for the resolution of failing banks in accordance to the Bank Recovery and … Resolution Directive (BRRD). For the majority of Member States belonging to the euro area and its Banking Union, however, an …
Persistent link: https://www.econbiz.de/10013298396
This paper tests whether poorly capitalized banks with troubled loan books are more likely to miss their bailout … non-cumulative preferred stock are also more likely to be TARP deadbeats. In addition, banks that missed a bailout … dividend in the prior quarter are significantly more likely to miss the next bailout dividend …
Persistent link: https://www.econbiz.de/10013116521
The aim of this paper is to evaluate the potential consequences that the shortcomings in harmonising the national deposit guarantee schemes may have on the financial stability of the European Union. The relevance of this subject is underlined both by the European Commission's intention to revive...
Persistent link: https://www.econbiz.de/10012886816
Adding contingently convertible debt securities, cocos, in an amount equal to about 3% of tangible assets to the financing mix of financial institutions is a promising reform idea. It would also be inexpensive for these institutions to issue cocos and thus to be prepared to recapitalize and to...
Persistent link: https://www.econbiz.de/10013122066