The provision of critical functions at global, national or regional level
The introduction of a bank resolution framework for EU banks has created the need for clear legal definitions of the main elements in resolution. This paper assesses one of these elements, namely “critical functions”, which encompasses the activities of a bank that are of significant importance for the real economy. The assessment of the regulation and implementation shows that there is room for sharpening the definition and equal application across all banks. It is questionable, however, whether regulatory intervention is necessary given the on-going work of authorities at different levels. In turn, legislative intervention will be required to align the objectives of the resolution framework and state aid. The latter currently leaves more room for public support measures, which are not necessarily in the public interest.
Analiză aprofundată
Autor extern
Willem Pieter de Groen
Despre acest document
Tipul publicației
Domeniul tematic
Cuvânt-cheie
- AFACERI ŞI CONCURENŢĂ
- DREPT
- drept civil
- ECONOMIE
- economie monetară
- FINANŢE
- instituţii financiare şi de credit
- intervenție financiară
- libera circulaţie a capitalului
- lichidare judiciară
- organizarea afacerilor
- politică de credit
- recesiune economică
- relaţii monetare
- sistem bancar
- situație economică
- solvabilitate financiară
- uniunea bancară UE
- zonă euro
- împrumut
- întreprindere în dificultate