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The new regulatory framework for bank resolution

In: Research Handbook on State Aid in the Banking Sector

Author

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  • Ginevra Bruzzone
  • Miriam Cassella
  • Stefano Micossi

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.

Suggested Citation

  • Ginevra Bruzzone & Miriam Cassella & Stefano Micossi, 2017. "The new regulatory framework for bank resolution," Chapters, in: François-Charles Laprévote & Joanna Gray & Francesco De Cecco (ed.), Research Handbook on State Aid in the Banking Sector, chapter 16, pages 505-537, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:15935_16
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    Cited by:

    1. Alaassar, Ahmad & Mention, Anne-Laure & Aas, Tor Helge, 2020. "Exploring how social interactions influence regulators and innovators: The case of regulatory sandboxes," Technological Forecasting and Social Change, Elsevier, vol. 160(C).

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    Economics and Finance; Law - Academic;

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