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Landscape after the Lessons of the Crisis

In: European Bank Restructuring During the Global Financial Crisis

Author

Listed:
  • Małgorzata Iwanicz-Drozdowska
  • Jakub Kerlin
  • Paweł Smaga

Abstract

This chapter characterizes the changes caused by the recent global financial crisis (GFC). The starting point is the macroeconomic situation combined with the situation in the EU banking sectors. Because the GFC forced the decision-makers to rebuild the financial safety net, the most significant changes for the EU banking sectors have been also elaborated. These include more restrictive capital regulations, liquidity regulations, responsibilities of the financial safety net players and the resolution authority and tools. The chapter also emphasizes the banking union, which is a new concept implemented gradually for the Eurozone. On 4 November 2014, the Single Supervisory Mechanism (SSM) started to operate as the first pillar of the banking union.

Suggested Citation

  • Małgorzata Iwanicz-Drozdowska & Jakub Kerlin & Paweł Smaga, 2016. "Landscape after the Lessons of the Crisis," Palgrave Macmillan Studies in Banking and Financial Institutions, in: European Bank Restructuring During the Global Financial Crisis, chapter 5, pages 74-112, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-1-137-56024-7_5
    DOI: 10.1057/9781137560247_5
    as

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