Precautionary recapitalisations: time for a review
Precautionary recapitalisation, a tool for public intervention in the banking sector defined in the Bank Recovery and Resolution Directive (BRRD), is consistent with the rest of BRRD and a legitimate instrument for bank crisis management. The conditions set for it by BRRD are restrictive and have so far been effective to prevent its inappropriate use on insolvent banks. Minor corrections to the legislative text are desirable to fix a few cases of poor drafting. Beyond these, there is no immediate need for legislative change before the broader review of BRRD scheduled in late 2018. Outside of the scope of BRRD, the co-legislators should consider a reform of the EU audit framework to improve audit quality, and the European Stability Mechanism should be empowered to participate in future precautionary recapitalisations.
Analiżi fil-Fond
Awtur estern
Nicolas VERON, Bruegel
Dwar dan id-dokument
Tip ta’ pubblikazzjoni
Kelma għat-tiftix
- direttiva (UE)
- DRITT
- dritt tal-Unjoni Ewropea
- dritt ċivili
- EKONOMIJA
- ekonomija monetarja
- falliment
- FINANZI
- għajnuna finanzjarja
- għajnuna għar-ristrutturar
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- IMPRIŻA U KOMPETIZZJONI
- intervent finanzjarju
- intervent fis-suq
- istituzzjoni ta' kreditu
- istituzzjonijiet finanzjarji u kreditu
- istituzzjonijiet tal-UE u servizz ċivili Ewropew
- KUMMERĊ
- kumpanija f'diffikultajiet
- moviment liberu tal-kapital
- organizzazzjoni tal-impriżi
- politika ekonomika
- politika kummerċjali
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- politika ta' kooperazzjoni
- RELAZZJONIJIET INTERNAZZJONALI
- sitwazzjoni ekonomika
- solvenza finanzjarja
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- UNJONI EWROPEA