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We analyze the benefits and costs of a non-euro country opting-in to the banking union. The decision to opt-in depends on the comparison between the assessment of the banking union attractiveness and the robustness of a national safety net. The benefits of opting-in are still only potential and...
Persistent link: https://www.econbiz.de/10011446695
We analyze the benefits and costs of a non-euro country opting-in to the banking union. The decision to opt-in depends on the comparison between the assessment of the banking union attractiveness and the robustness of a national safety net. The benefits of opting-in are still only potential and...
Persistent link: https://www.econbiz.de/10011575977
As a response to the global financial crisis that started in 2008, many countries established dedicated resolution … banks in resolution. It examines the provision of liquidity in the United States, the United Kingdom, Japan, Canada and the …-level guarantee framework – which would allow access to Eurosystem liquidity for banks coming out of resolution with limited …
Persistent link: https://www.econbiz.de/10012319162
supervisory system integrated into the central bank was set up in Hungary, and the institutional system of the domestic resolution … payments into the Resolution Fund in 2016, it is reasonable to put the decision to join on hold; indeed, such a decision should …
Persistent link: https://www.econbiz.de/10010403527
supervisory system integrated into the central bank was set up in Hungary, and the institutional system of the domestic resolution … payments into the Resolution Fund in 2016, it is reasonable to put the decision to join on hold; indeed, such a decision should …
Persistent link: https://www.econbiz.de/10011481585
recent past by the Single Resolution Board (SRB) for the submission of failing or likely to fail (FOLF) credit institutions … to resolution (unless a different interpretation of the public interest criterion in light of the current crisis is put …-called precautionary recapitalisation under the Single Resolution Mechanism Regulation (SRMR) with the major involvement of the European …
Persistent link: https://www.econbiz.de/10012436969
As a response to the global financial crisis that started in 2008, many countries established dedicated resolution … banks in resolution. It examines the provision of liquidity in the United States, the United Kingdom, Japan, Canada and the …-level guarantee framework - which would allow access to Eurosystem liquidity for banks coming out of resolution with limited …
Persistent link: https://www.econbiz.de/10012521155
The prolonged crisis exposed the vulnerability of a monetary union without a banking union. The Single Supervisory Mechanism (SSM), which started operating in November 2014, is an essential step towards restoring banks to health and rebuilding trust in the banking system. The ECB is today...
Persistent link: https://www.econbiz.de/10012132851
Due to the international dimension of the financial sector within the EU and beyond, domestically oriented macroprudential policies have the potential to create material cross-border spillover effects. This occasional paper provides a detailed overview of the academic and empirical literature on...
Persistent link: https://www.econbiz.de/10012254361
This paper provides a chronology of the main financial events over the last 15 years, spanning three main crises. The first is the global financial crisis in 2008-09, and the second is the euro area sovereign debt crisis in 2010-12. Both events heralded significant reforms of the EU's governance...
Persistent link: https://www.econbiz.de/10013368565