This paper analyzes the rationale for Bank Recovery and Resolution Funds (BRRFs) in the context of the present European Union's (EU) decentralized safety net. As compared to pure micro and macro prudential regulation, BRRF's objective is to limit losses given financial institutions´ default...

"Preface" -- "Acknowledgements" -- "Contents" -- "List of Abbreviations " -- "Notes on contributors" -- "List of Figures" -- "List of Tables" -- "Part I: European Banking: Through the Crisis and Beyond" -- "1: European Banking: An Overview" -- " Introduction" -- " The EU Single Market forÂ...