National and supranational banking regulators: between delayed intervention and time inconsistency

B.M. Parigi

Financial Stability Review, 2017, issue 21, 87-94

Abstract: The implementation of the Banking Recovery and Resolution Directive (BRRD) resolution rules has brought to light potential differences in standards and conflicts of interest between national and supranational regulators. National regulators may be more inclined to delay regulatory intervention. However, the draconian resolution measures that supranational regulators are to enforce may prove to be time-inconsistent. The banking crises in Italy in 2015 and 2016 – during which the rules envisioned by the BRRD were battle-tested for the first time on a large scale – offer good illustrations of the above issues.

Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://publications.banque-france.fr/sites/defaul ... uments/fsr21_web.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bfr:fisrev:2017:21:09

Access Statistics for this article

More articles in Financial Stability Review from Banque de France Banque de France 31 Rue Croix des Petits Champs LABOLOG - 49-1404 75049 PARIS. Contact information at EDIRC.
Bibliographic data for series maintained by Michael brassart ().