The European Community has passed the European Insider Directive which prohibits insider trade in common stock and debt securities. Hence banks are not allowed to sell debt securities when they receive unfavorable inside information on their borrowers. Until now, German banks have not only been...

Mis-selling by banks has occurred repeatedly in many nations over the last decade. While clients may benefit from competition - enabling them to choose financial services at lowest costs - economic frictions between banks and clients may give rise to mis-selling. Examples of mis-selling are...

This essay reviews a cornerstone of the European Banking Union project, the resolution of systemically important banks. The focus is on the inherent conflict between a possible intervention by resolution authorities, conditional on a crisis situation, and effective prevention prior to a crisis....