New Measures in the Management of European Banking System under the Influence of the Economic Crisis

Mitroi Loredana Georgiana () and Nicolae (Gîju) Elena Daniela ()
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Mitroi Loredana Georgiana: University Valahia of Targoviste
Nicolae (Gîju) Elena Daniela: University Valahia of Targoviste

Ovidius University Annals, Economic Sciences Series, 2013, vol. XIII, issue 1, 1378-1383

Abstract: The financial crisis has highlighted the need for an EU framework for bank recovery and resolution. The European Commission proposed on Wednesday a series of measures to introduce European standards in terms of bank recovery and resolution. These standards ensure that in future the authorities will have the means to intervene decisively before the onset of both problems, and in the first phase of a possible crisis. The proposed tools are divided into powers of "prevention", "early intervention" and "resolution". This article aims to show what exactly to aspect from these measures and what European Bank Union means..

Keywords: bank management; economic crisis; prevention; early intervention; resolution. (search for similar items in EconPapers)
JEL-codes: E50 M (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:1:p:1378-1383

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