Banks are not immune from COVID-19. The economic downturn may drive some banks to the point of non-viability (PONV). If so, is the resolution regime in the Euro-area ready to respond? No, for banks may not have the right amount of the right kind of liabilities to make bail-in work. That could...

The current crisis is emerging as the most severe downturn since the Great Depression. This book examines its cause, the efforts to contain the crisis and proposes a cure that will limit the risk that such crises could recur in the future.

Analysis of the current financial/economic crisis from the Director of the Banking Sector at the FSA (Financial Services Authority). New edition updated to take account of changes in regulation and legislation in the US, EU and UK. Many of these changes were in line with the recommendations made...