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The role of state aid control in improving bank resolution in Europe. Bruegel Policy Contribution 2010/04, May 10

Dewatripont, Mathias and Nguyen, Gregory and Praet, Petr and Sapir, Andre. (2010) The role of state aid control in improving bank resolution in Europe. Bruegel Policy Contribution 2010/04, May 10. [Policy Paper]

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    Abstract

    The financial crisis exposed Europe’s inadequacy in developing an effective banking resolution framework that could bring together national authorities and set guidelines for their coordination. The European Commission, through its assessment of state aid cases, managed to avoid single market distortions and mitigate moral hazard. This Policy Contribution explains why in the long-term Europe needs a single resolution authority. The authors....show how in the short-term, the European Commission, through its state aid control discipline, can set the foundation for a new crisis resolution architecture. It can act as a substitute to improve coordination among member states and complement a European resolution authority once it is set up.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > Single Market > capital, goods, services, workers
    EU policies and themes > Policies & related activities > economic and financial affairs > financial crisis 2008-on and consequences/reforms
    EU policies and themes > Policies & related activities > competition policy
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Bruegel (Brussels) > Policy Contributions
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 20 May 2010
    Page Range: p. 9
    Last Modified: 15 Feb 2011 18:30
    URI: http://aei.pitt.edu/id/eprint/13912

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