Giustiniani, Alessandro
[Verfasser:in]
;
Bossu, Wouter
[Sonstige Person, Familie und Körperschaft];
Fonteyne, Wim
[Sonstige Person, Familie und Körperschaft];
Gullo, Alessandro
[Sonstige Person, Familie und Körperschaft]
Crisis Management and Resolution for a European Banking System
Beschreibung:
This paper proposes an integrated crisis management and resolution framework for the EU's single banking market. It comprises a European Resolution Authority (ERA), armed with the mandate and the tools to deal cost-effectively with failing systemic cross-border banks, and is designed to address many fundamental operational and incentive problems. It also seeks to reduce moral hazard and better protect countries against the risk of twin fiscal-financial crises by detaching banks from government budgets. The ERA would be most effective if it were twinned or combined with a European Deposit Insurance and Resolution Fund