Thomas Huertas vom Institue for Law and Finance an der Goethe-Universität Frankfurt wirft in dem Workingpaper "Containment and Cure:Some Perspectives on the Current Crisis" hauptsächlich zwei Fragen auf: Die Frage nach der Ursache der Weltwirtschaftskrise und wie man eine solche in Zukunft...

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From the start of 2016, new rules for bank resolution are in place – as spelled out in the Bank Recovery and Resolution Directive (BRRD) – across the EU, and a new authority (the Single Resolution Board, or SRB) is fully operational for resolving all banks in the eurozone.The implementation...

Stress tests have two purposes. From a micro-prudential perspective, they aim to assure that banks have enough capital now to withstand the losses they might incur in the future, if the macro-economic environment were to become markedly more adverse. From a macro-economic perspective, stress...

Making banks resolvable or “safe to fail” is a key component of the regulatory reform program enacted in response to the crisis. This paper designs a bank that will be resolvable, first for a bank in a single jurisdiction and then for a banking group with branches and/or subsidiaries in...

This paper looks at the evolution of bank resolution policy. It analyses how "too big to fail" originated, why such a policy is too costly to continue, and the prospects for ending the policy by making banks resolvable or "safe to fail"

The EU's banking union aims to break the “doom loop” that makes governments dependent on banks and banks dependent on governments. However, current arrangements address only the first objective: the single supervisory mechanism should make banks less likely to fail. The single resolution...

The reform program outlined by regulators and supervisors after the financial crisis implicitly aims to create a new model for banks, one where they are small(er), simple(r) and separable. The drive toward “separability” threatens to diminish the scale and scope economies that global banks...