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Precautionary recapitalisation: time for a review? Bruegel Policy Contribution Issue n˚21 | July 2017

Véron, Nicolas. (2017) Precautionary recapitalisation: time for a review? Bruegel Policy Contribution Issue n˚21 | July 2017. [Policy Paper]

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    Abstract

    While precautionary recapitalisation is a legitimate instrument for bank crisis management, the conditions set for it by BRRD (Bank Recovery and Resolution Directive) are restrictive and have so far been effective to prevent its inappropriate use on insolvent banks. Nevertheless, the European Stability Mechanism should be empowered to participate in future precautionary recapitalisations.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > banks/financial markets
    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 > Bruegel (Brussels) > Policy Contributions
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 25 Jul 2017 13:23
    Number of Pages: 11
    Last Modified: 25 Jul 2017 13:23
    URI: http://aei.pitt.edu/id/eprint/88436

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