The Financial Crisis and the Banking Union Project

Giuseppe Boccuzzi
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Giuseppe Boccuzzi: Interbank Deposit Protection Fund

Chapter 1 in The European Banking Union, 2016, pp 13-22 from Palgrave Macmillan

Abstract: Abstract The financial crisis of 2008–09 originated in the US subprime mortgage crash and then spread to Europe. It was an important test for the rules and institutional framework of banking supervision and crisis management in Europe. The high number of bank failures that occurred revealed serious deficiencies in risk management by financial institutions, a low level of preparedness for dealing with difficult situations and serious gaps in financial sector regulation and supervision, significant deficiencies and a lack of homogeneity in the institutional arrangements and tool kit for dealing with pathological situations.1

Keywords: European Union; Financial Crisis; Crisis Management; Bank Failure; Banking Crisis (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-1-137-55565-6_2

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DOI: 10.1057/9781137555656_2

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