The new regulatory framework for bank resolution

Ginevra Bruzzone, Miriam Cassella and Stefano Micossi

Chapter 16 in Research Handbook on State Aid in the Banking Sector, 2017, pp 505-537 from Edward Elgar Publishing

Abstract: This chapter illustrates the reasons which led to the adoption of a regulatory framework for bank resolution in the EU and describes the main features of the BRRD and the SRM. On the whole, the system is well designed. However, some of its features deserve continuing consideration and review. The decision-making procedure for placing a bank under resolution is overly complex. A proper interpretation of the BRRD rules requiring the bail-in of private capital for any measure of support of banks is crucial for the sake of financial stability. The complementary role of State aid control has still to be fine-tuned. A further critical area is the adequacy of the Single Resolution Fund in providing a credible backstop to the SRM.

Keywords: Economics and Finance; Law - Academic (search for similar items in EconPapers)
Date: 2017
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