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The new European framework for managing bank crises. CEPS Policy Brief No. 304, 21 November 2013

Micossi, Stefano. and Bruzzone, Ginevra and Carmassi, Jacopo (2013) The new European framework for managing bank crises. CEPS Policy Brief No. 304, 21 November 2013. [Policy Paper]

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    Abstract

    This Policy Brief describes and discusses the proposals for a European Single Resolution Mechanism (SRM) for banks and for a Directive on Bank Recovery and Resolution (BRR). The authors find that the proposals are generally well designed and present a consistent approach, yet there is room for improvement, including the streamlining of procedures for the start of resolution, which now entail much overlap in the powers attributed to the various institutions involved (the Commission, the Single Resolution Board and the European Central Bank). The paper makes a number of key recommendations to facilitate discussions for stakeholders and regulators.

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    Item Type: Policy Paper
    Uncontrolled Keywords: European Single Resolution Mechanism (SRM); Directive on Bank Recovery and Resolution (BRR).
    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/reforms/economic governance
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Policy Briefs
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 10 Dec 2013 09:34
    Number of Pages: 21
    Last Modified: 02 Oct 2014 13:04
    URI: http://aei.pitt.edu/id/eprint/46148

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