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capacity. The Belgian authorities have established a Resolution Fund (RF) vesting it with powers to take preventative measures … and to facilitate resolution procedures. …
Persistent link: https://www.econbiz.de/10011243209
This staff report on United Kingdom’s (UK) 2013 Article IV Consultation highlights economic policies and development. The UK economy grew by about ¼ percent in 2012. Net trade reduced growth by 0.6 percentage points of GDP, the biggest drag since 2005, and well above staff projections....
Persistent link: https://www.econbiz.de/10011243880
Belgian financial conglomerates (FCs) remained important players in the Belgian financial sector, despite significant restructuring following the global financial crisis. FCs operated in multiple streams of the financial sector, especially in banking and insurance. Owing to their economic reach...
Persistent link: https://www.econbiz.de/10011244943
This paper on the Republic of Poland’s Financial System Stability Assessment highlights economic policies and development. Skillful policy management and sound fundamentals have allowed the economy to weather the global financial crisis, and the euro area turmoil. Risk drivers include...
Persistent link: https://www.econbiz.de/10011242508
This article is an overview of existing deposit insurance in the European Union. There are various national deposit schemes that form the source of insurance. The schemes come up with various coverage, contributions, and fund sizes. The recent financial crisis has brought about a change in the...
Persistent link: https://www.econbiz.de/10011242781
areas of contingency planning, crisis management, and bank resolution. The note sets out a brief overview of the impact of … measures, the resolution framework, and the deposit guarantee framework. …
Persistent link: https://www.econbiz.de/10011242981
This paper discusses findings of Fourth Progress Report on Spain’s financial sector reform. Implementation of Spain’s financial sector program remains on track. Essentially all measures specified in the program have now been implemented, as envisaged under its front-loaded...
Persistent link: https://www.econbiz.de/10011243078
This Financial System Stability Assessment report provides a review of .Italian financial system. The announcement of outright monetary transactions (OMT) and steps toward a banking union have blunted the impact of the sovereign debt crisis on banks, and the expansion of European Central Bank...
Persistent link: https://www.econbiz.de/10011243232
weaknesses in Austria’s financial stability policy framework. Austria needs to put in place a special bank resolution regime to … authorities prefer to await the formal adoption of the European Union (EU) Directive on bank recovery and resolution, it would be … in Austria’s interest to swiftly introduce a full-fledged bank resolution framework, with a wide range of tools and …
Persistent link: https://www.econbiz.de/10011244325
This paper discusses key findings of the Detailed Assessment of Basel Core Principles for Effective Banking Supervision on Austria. Since the outbreak of the financial crisis, some Austrian credit institutions had to be nationalized as an ad hoc measure to prevent contagion effects and to...
Persistent link: https://www.econbiz.de/10011244459