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Liquidity in resolution: Comparing frameworks for liquidity provision across jurisdictions

Grund, Sebastian; Nomm, Nele; Walch, Florian - 2020

As a response to the global financial crisis that started in 2008, many countries established dedicated resolution … banks in resolution. It examines the provision of liquidity in the United States, the United Kingdom, Japan, Canada and the …-level guarantee framework - which would allow access to Eurosystem liquidity for banks coming out of resolution with limited …

Persistent link: https://www.econbiz.de/10012521155

A Macro Stress Testing Framework for Assessing Systemic Risks in the Banking Sector

Henry, Jerome - 2014

The use of macro stress tests to assess bank solvency has developed rapidly over the past few years. This development was reinforced by the financial crisis, which resulted in substantial losses for banks and created general uncertainty about the banking sector's loss-bearing capacity. Macro...

Persistent link: https://www.econbiz.de/10013062571

Macroprudential Stress Test of the Euro Area Banking System Amid the Coronavirus (COVID-19) Pandemic

Budnik, Katarzyna Barbara; Boucherie, Louis; Borsuk, Marcin - 2022

The macroprudential stress test for 2021-23 aims to provide insights into the resilience of the European banking sector following the coronavirus (COVID- 19) crisis. The assessment builds on a macro-micro model with individual euro area economies and significant banks, and the two scenarios from...

Persistent link: https://www.econbiz.de/10014084225

Macroprudential Stress Test of the Euro Area Banking System

Budnik, Katarzyna Barbara; Balatti, Mirco; Covi, Giovanni; … - 2021

This paper presents an approach to a macroprudential stress test for the euro area banking system, comprising the 91 largest euro area credit institutions across 19 countries. The approach involves modelling banks’ reactions to changing economic conditions. It also examines the effects of...

Persistent link: https://www.econbiz.de/10013315366

The Economic Impact of the NPL Coverage Expectations in the Euro Area

Budnik, Katarzyna; Dimitrov, Ivan; Groß, Johannes; … - 2022

This paper looks at the macroeconomic impact of the two policies proposed by ECB Banking Supervision to tackle the high share of non-performing loans (NPLs) on the balance sheets of euro area banks. The first is the coverage expectations for new NPLs set out in the Addendum to the ECB’s NPL...

Persistent link: https://www.econbiz.de/10013403933

The ECB After the Crisis : Existing Synergies Among Monetary Policy, Macroprudential Policies and Banking Supervision

Cassola, Nuno - 2019

The prolonged crisis exposed the vulnerability of a monetary union without a banking union. The Single Supervisory Mechanism (SSM), which started operating in November 2014, is an essential step towards restoring banks to health and rebuilding trust in the banking system. The ECB is today...

Persistent link: https://www.econbiz.de/10012858961

Completing the Banking Union with a European Deposit Insurance Scheme : Who is Afraid of Cross-Subsidisation?

Carmassi, Jacopo - 2018

On 24 November 2015, the European Commission published a proposal to establish a European Deposit Insurance Scheme (EDIS). The proposal provides for the creation of a Deposit Insurance Fund (DIF) with a target size of 0.8% of covered deposits in the euro area and the progressive mutualisation of...

Persistent link: https://www.econbiz.de/10012921873

Liquidity in resolution: Estimating possible liquidity gaps for specific banks in resolution and in a systemic crisis

Amamou, Raschid; Baumann, Andreas; Chalamandaris, Dimitrios - 2020

This paper contributes to the debate on liquidity in resolution by providing a quantitative assessment of liquidity … gaps of banks in resolution in the euro area. It estimates possible ranges of liquidity gaps for significant banks under … different assumptions and scenarios. The findings suggest that, while the average liquidity gaps in resolution are limited, the …

Persistent link: https://www.econbiz.de/10012521154

A tale of three crises: Synergies between ECB tasks

Hobelsberger, Karin; Kok Sørensen, Christoffer; … - 2022

This paper provides a chronology of the main financial events over the last 15 years, spanning three main crises. The first is the global financial crisis in 2008-09, and the second is the euro area sovereign debt crisis in 2010-12. Both events heralded significant reforms of the EU's governance...

Persistent link: https://www.econbiz.de/10013480194

The ECB after the crisis: Existing synergies among monetary policy, macroprudential policies and banking supervision

Cassola, Nuno; Kok Sørensen, Christoffer; Mongelli, … - 2019

Persistent link: https://www.econbiz.de/10012521141