Götz, Martin; Krahnen, Jan Pieter; Tröger, Tobias - 2017
According to the Bank Recovery and Resolution Directive (BRRD), introduced as a lesson from the recent financial crisis …, the losses a failing bank incurred should generally be borne by its investors. Before a minimum bail-in has occurred … financial stability. This policy letter argues that in case of the Italian Bank Monte dei Paschi di Siena (MPS), which the …