At least 12 European Union member states used publicly created asset management companies (AMCs), otherwise known as a "badbanks" to respond to the recent financial crisis. This tool remains an option for future bank resolutions under the EU Bank Recovery and Resolution Directive. We assess the...

Foreword / François-Charles Laprévote, Cleary Gottlieb Steen and Hamilton -- The special nature of banks and its challenges for competition policy / Ioannis Kokkoris -- Competition, stability and moral hazard: the tension between financial regulation and State aid control / Joanna Gray and...

"This book analyses the legal regimes governing bank crisis management in the EU, UK, and US, discussing the different procedures and tools available as well as the regulatory architecture and the authorities involved. Building on a broad working definition of 'bank crisis management' and...

"Does too much competition in banking hurt society? What policies can best protect and stabilize banking without stifling it? Institutional responses to such questions have evolved over time, from interventionist regulatory control after the Great Depression to the liberalization policies that...