Enhancing the Credibility of Resolution
An Analysis of the Impact of Recovery and Resolution Planning and Loss-Absorbing Capital Requirements on the Credibility of Bail-In
Zusammenfassung
Die Finanzkrise von 2007/08 hatte ihre Ursache in einem Marktversagen, das vor dem Hintergrund inhärenter Fragilität und Komplexität des Bankensystems zu gesamtwirtschaftlich kostspieligen staatlichen Rettungsbemühungen führte. Die daraus resultierende implizite Staatsgarantie wurde von Marktteilnehmern antizipiert und verzerrte Risikobepreisung und Verhalten. Ziel jüngerer europäischer Reformbemühungen war es, diesem unter Too Big To Fail bekannten Phänomen durch finanzielle Beteiligung ebenjener Marktteilnehmer entgegenzuwirken. Ob das neu geschaffene Bail-In-Instrument unter der Richtlinie zur Sanierung und Abwicklung von Kreditinstituten (BRRD) hierzu einen erfolgsversprechenden und glaubhaften Beitrag leistet, untersucht diese Arbeit.
Schlagworte
Abwicklungsrecht Bankenaufsichtsrecht Bankinsolvenzrecht Bankrecht ökonomische Analyse des Rechts Restrukturierungsplanung Single Resolution Mechanism Mindestkapitalanforderungen Abwicklungsplanung Bail-In BRRD- Kapitel Ausklappen | EinklappenSeiten
- 279–302 References 279–302
9 Treffer gefunden
- „... Credible Resolution Procedures37restoring the trust of people58 under the BRRD’s jurisdiction and reviving ...” „... characteristics, Art. 44(2) and (3) BRRD.The Importance of Credible Resolution Procedures47certainty and feelings ...” „... ; and (v) protect client funds and client assets.155 Art. 31(2)(c) BRRD.The Importance of Credible ...”
- „... , Article 10(7)(o) BRRD.These provisions prevent the unplanned use of public money as they provide a ...” „... stakeholders of the institution, the prospect of BRRD-compliant resolution procedures is more likely in the ...” „... effect, Article 7(6) BRRD.In addition, resolution planning provides for complexity-reducing features ...”
- „... Commission, Capital requirements (CRR/CRD IV) and resolution framework (BRRD/SRM) amendments, Fact Sheet ...” „... Kommission für Änderungen der BRRD/CRR im Zusammenhang mit MREL/TLAC Vorgaben (2017), p. 2.The Impact of ...” „... framework (BRRD/SRM) amendments; Mesnard, Loss absorbing capacity in the Banking Union: TLAC implementation ...”
- „... Directive, henceforth: BRRD) and 21eurozone alone, all such regulation across the financial world enshrined ...” „... the context of this thesis is defined as it is in the BRRD, as a credit institution (as defined in ...” „... BRRD, if not defined otherwise.5 S. Gleeson and R. Guynn, Bank Resolution and Crisis Management: Law ...”
- „... , Stellungnahme zum Vorschlag der Kommission für Änderungen der BRRD/CRR im Zusammenhang mit MREL/TLAC Vorgaben ...” „... , Capital requirements (CRR/CRD IV) and resolution framework (BRRD/SRM) amendments, Fact Sheet – Frequently ...” „... Review 35 (2016), 43–4.Chen Chen, H., ‘The Recovery Framework in the BRRD and its Effectiveness ...”
- „... Recapitalization – Quo Vadis? 7011The Available Funding Sources and the BRRD’s Burden-Sharing Cascade 73The Good ...” „... Reducing the Pool of Bail-inable Instruments through Articles 44(2) and 44(3) BRRD 80Exemption of Senior ...” „... Subordination – New Article 108 BRRD 198Potential Investors and Holders of MREL-Eligible Instruments 203Possible ...”
- „... institution-specific add-ons according to Article 45d of the BRRD’s TLAC implementation proposal). They could further ...” „... 2011/35/EC and Regulation (EU) No 1093/2010: BRRD Proposal (2012), explanatory memorandum, p. 18.Possible ...” „... progress that Resolution Colleges have achieved since the introduction of the BRRD, there is clearly still ...”
- „... two aspects render the application of resolution procedures according to the BRRD in general, and the ...” „... recapitalization loophole from the BRRD, would be necessary. Moreover, the public-interest test should be ...” „... aligning, and eventually integrating burden-sharing in the spirit of the BRRD into, the various national ...”
- „... Banco Popular EspañolBRRD Bank Recovery and Resolution Directive (Directive 2014/59/EU)CBR Combined ...”