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 …

natural experiment to study the effects of reduced bank capital adequacy on productivity. Affected banks respond not only by …

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 …

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 …

Even as banks have decreased their exposure to residential mortgage loans since 2008, bank exposure to leveraged …

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 …