Banking crisis management and State aid: looking for a difficult balancing act

Concetta Brescia Morra

Banca Impresa Società, 2020, issue 2, 191-215

Abstract: The current rules on the management of bank crises, enacted in the aftermath ofthe global financial crisis, provide that State aid is a last resort and establish stronglimits on its use to reduce the cost payed by taxpayers. The article shows that theconstraints on the use of public resources in the management of banking crises arenot consistent with the general framework established by the Treaty of the EuropeanUnion and can lead to inefficient crisis management. The progress achieved in theinstitutional integration of the banking sector leads us to rethink the State aid rulesapplicable to banking crises.

Keywords: Banks; Banking Crises; State Aid. (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:mul:jqmthn:doi:10.1435/98043:y:2020:i:2:p:191-215

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