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 …

We investigate whether the bank crisis management framework of the European banking union can effectively bar the … detrimental influence of national interests in cross-border bank failures. We find that both the internal governance structure and … authorities in charge of bank crisis management to operate autonomously and achieve socially optimal outcomes beyond national …

During the last decade, policymakers have implemented a European bank resolution regime, which includes the Bank … abolish bailout expectations, i.e. implicit government guarantees (IGGs). The regime strives to make banks' debt bail … the effectiveness of this regime in terms of bailout expectations in the form of funding advantages. Specifically, we …

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 …

prominent policy prescriptions - lower exposure of banks to domestic sovereign debt or a commitment not to bailout banks - can … pooling of debt (such as European safe bond aka. ESBies). A backstop by the central bank (such as the ECB's Transmission …