European Union: Publication of Financial Sector Assessment Program Documentation—Technical Note on Progress with Bank Restructuring and Resolution in Europe

International Monetary Fund

No 2013/067, IMF Staff Country Reports from International Monetary Fund

Abstract: This article is an analysis on the restructuring banking system of the European Union. The global financial crisis created the need to restructure by immensely reflecting weaknesses in the public, households, corporate, and other financial sectors. The restructuring includes the strengthening of bank resolution tools, the activation of nonperforming loans, the maintenance of macrofinancial framework, recovery of market access, and so on. The Executive Board recommends this transition of the European Union because this paves the way to financial stability globally.

Keywords: ISCR; CR; bank; asset; restructuring plan; resolution directive; EU country; bank resolution; RWAs calculation; IMF EU FSAP FSSA; EU government; bridge bank; EU banking assets; Bank resolution framework; Bank resolution; Nonperforming loans; Financial sector stability; External balance assessment (EBA); Europe; Global (search for similar items in EconPapers)
Pages: 26
Date: 2013-03-15
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Citations: View citations in EconPapers (1)

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