in the form of the Bank Recovery and Resolution Directive. The paper discusses the anti-bailout objective of the two … governing bank resolution actions: the Commission's norms on state aids in the banking sector as reflected in the Banking …

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 …

In August 2007 the United Kingdom experienced its first bank run in over 140 years. Although Northern Rock was not a … particularly large bank (it was at the time ranked 7th in terms of assets) it was nevertheless a significant retail bank and a … outside the bank as depositors rushed to withdraw their deposits. There was always a fear that this could spark a systemic run …

choice between “fair value” or other valuations can be decisive in whether a bank fails; but in two cases fair value is … irrelevant. Bank failures might arise despite capital adequacy and balance sheet solvency due to sudden shocks to liquidity … positions. Two of the most prominent bank failures cannot, at first sight, be attributed to fair value accounting: we show that …

This paper examines the negative externalities that may occur when a large bank fails, describes the nature of those … directed first at closing institutions promptly, reforming bankruptcy statutes to admit special procedures for handling bank …

the 2008 Troubled Asset Relief Program (TARP). The simulation results show that a bank with a higher bailout belief takes …The goal of this paper is to estimate a dynamic model of a bank to explain how bank bailouts exacerbate moral hazard …. In the model, a bank makes an endogenous choice of the risks of its investments and can finance these investments by …

anticipation of this bailout undermines a bank's private incentive to impose a bail-in. In the resulting equilibrium, bail-ins are …We study the interaction between a government's bailout policy and banks' willingness to impose losses on (or \bail in …