A Macro Approach to International Bank Resolution

Improving global governance
Posted Aug 12, 2017 | Bruegel, Dirk Schoemaker

In the aftermath of the 2008 financial crisis, regulators strengthened banking supervision and implemented bank resolution regimes, the wider effects of which have yet to be determined. Some countries adopted a stand-alone approach, whereas the euro area introduced a burden-sharing approach in its banking union. In this Policy Contribution by Bruegel, Dirk Schoemaker recommends completing the banking union, making the European Stability Mechanism (ESM) the fiscal backstop to the euro-area banking system.




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