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Restructuring Tools and Their Costs

In: European Bank Restructuring During the Global Financial Crisis

Author

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  • Małgorzata Iwanicz-Drozdowska
  • Paweł Smaga
  • Bartosz Witkowski

Abstract

This chapter describes the restructuring tools applied during the recent crisis to the EU banks and the costs associated with them. The most typical tool was recapitalization, combined also with deep restructuring of a bank or a merger, or a bailout, in other words. Liquidation and nationalization were used rather rarely, mostly in the case of small and medium-sized banks. A new tool, bail-in, was used in Cyprus and Slovenia. This chapter is complemented by a comprehensive Appendix, offering descriptions of case studies of bank restructuring, presented together with ‘bad’ asset management companies and resolution processes applied in several EU countries.

Suggested Citation

  • Małgorzata Iwanicz-Drozdowska & Paweł Smaga & Bartosz Witkowski, 2016. "Restructuring Tools and Their Costs," Palgrave Macmillan Studies in Banking and Financial Institutions, in: European Bank Restructuring During the Global Financial Crisis, chapter 4, pages 56-73, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-1-137-56024-7_4
    DOI: 10.1057/9781137560247_4
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