The resolution of cross-border banking crises in the European Union by Seraina Neva Grünewald, Grünewald, Seraina Neva., Seraina Neva Grünewald, Seraina Gruenewald ISBN 9789041149091, 9041149090 instant download

The resolution of cross-border banking crises in the European Union by Seraina Neva Grünewald, Grünewald, Seraina Neva., Seraina Neva Grünewald, Seraina Gruenewald ISBN 9789041149091, 9041149090 instant download

Any policy aimed at resolution of a banking crisis determines which constituents – depositors, creditors, shareholders, the banking industry, and society as a whole – eventually bear the costs associated with a banking crisis, thus giving rise to legitimacy and accountability concerns. Rather than what the recent financial crisis has engendered – mostly ad hoc reactions that socialize losses but not profits – what is required, this incisive analysis shows, is an equitable and viable resolution framework, based on burden sharing, enshrined in law, and designed to deal with bank failures in a way that balances private and public interests. The author explores the design, institutional framework, and practical functioning of such a legal regime under EU law Setting The Stage -- Conceptualizing Burden Sharing -- Designing A Legal Regime For Bank Resolution -- Burden Sharing In Practice -- Institutional Framework For Burden Sharing -- Conclusions And Outlook. Seraina Neva Grünewald. Includes Bibliographical References (pages 259-306) And Index.