How to provide liquidity to banks after resolution in Europe’s banking union
Banks deemed to be failing or likely to fail in the banking union are either put into insolvency/liquidation or enter a resolution scheme to protect the public interest. After resolution but before full market confidence is restored, the liquidity needs of resolved banks might exceed what can be met through regular monetary policy operations or emergency liquidity assistance. All liquidity needs that emerge must be met for resolution to be a success. In the euro area, this can only be done credibly for systemically important banks by the central bank. We discuss how to establish guarantees against possible losses in order to allow liquidity provisioning in times of resolution.
Analyse approfondie
Auteur externe
Maria Demertzis, Inês Gonçalves Raposo, Pia Hüttl, Guntram Wolff (Bruegel)
À propos de ce document
Type de publication
Domaine politique
Mot-clé
- contrôle de liquidité
- DROIT
- droit civil
- droit de l'Union européenne
- entreprise en difficulté
- ENTREPRISE ET CONCURRENCE
- FINANCES
- gestion administrative
- gestion du risque
- institution financière
- institutions financières et crédit
- libre circulation des capitaux
- norme technique
- organisation de l'entreprise
- PRODUCTION, TECHNOLOGIE ET RECHERCHE
- risque financier
- réglementation financière
- solvabilité financière
- technologie et réglementation technique
- union bancaire de l’UE
- UNION EUROPÉENNE
- économie monétaire
- élaboration du droit de l'UE