The recent financial crisis has highlighted the risks posed by individual banks to the entire banking system. Next to the issue of determining individual contributions to systemic risk, the question of additional taxes on the financial sector has been debated. This paper uses SYMBOL, a...

This paper aims at investigating some of the critical issues highlighted by the sovereign debt crisis in European Union (EU) Member States (MS). The goal is twofold: 1) Quantify the increase in the risks of the EU banking systems due to haircuts of sovereign debts of some EU Member States, which...

This paper aims at investigating some of the critical issues highlighted by the sovereign debt crisis in European Union (EU) Member States (MS). The goal is twofold: 1) Quantify the increase in the risks of the EU banking systems due to haircuts of sovereign debts of some EU Member States, which...

The present work proposes a new methodology to estimate the reduction in the probability of occurrence of a systemic banking crisis entailed by the implementation of the Basel III framework for banking regulation. This is achieved by making use of the SYMBOL model (SYstemic Model of Banking...

From a policy perspective, a thorough discussion and assessment of the sustainability of public finances in the EU seems the more relevant today. The European Commission's Fiscal Sustainability Report contributes to this discussion by examining fiscal sustainability challenges faced by Member...

JRC supported the DG MARKT by developing quantitative analyses for the preparation of the second level legislation on bank contributions to be paid to the EU national Resolution Funds and to the Single Resolution Fund SRF for countries participating to the Banking Union. The present report...

In November 2015, the European Commission adopted a legislative proposal to set up a European Deposit Insurance Scheme (EDIS), a single deposit insurance system for all bank deposits in the Banking Union. JRC was requested to quantitatively assess the effectiveness of introducing a single...