Recovery and Resolution Planning

Marilena Rispoli Farina and Luigi Scipione
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Marilena Rispoli Farina: University of Naples
Luigi Scipione: University of Naples

Chapter 12 in The Palgrave Handbook of European Banking Union Law, 2019, pp 271-298 from Springer

Abstract: Abstract Prevention is the most important and innovative aspect of the new European framework for regulating banking crises. This chapter analyses the main substantive and procedural aspects regarding the creation and approval of recovery and resolution plans under the Bank Recovery and Resolution Directive (BRRD). It also aims to highlight the importance of planning as a governance tool. “Recovery plans” can play a key role in improving corporate governance structures and promoting the development of a new risk management culture. For recovery and resolution plans to be credible, the planned measures must be able to ensure orderly bank resolution and safeguard the stability of the system. A further aim of this chapter will therefore be to understand how these difficulties can be realistically overcome.

Keywords: Early warning; Governance; Living will; Recovery plan; Resolution plan; Systemic crises; Trigger event (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-13475-4_12

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DOI: 10.1007/978-3-030-13475-4_12

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