The New Bail-In Legislation : An Analysis of European Banking Resolution

Resource Information

The work The New Bail-In Legislation : An Analysis of European Banking Resolution represents a distinct intellectual or artistic creation found in European University Institute Library. This resource is a combination of several types including: Work, Language Material, Books.

Label

The New Bail-In Legislation : An Analysis of European Banking Resolution

Title remainder

An Analysis of European Banking Resolution

Statement of responsibility

by Angela Maria Maddaloni, Giulia Scardozzi

Creator

• Maddaloni, Angela Maria

Contributor

• Scardozzi, Giulia

Author

• Scardozzi, Giulia

Subject

• Finance
• Macroeconomics
• Bank marketing

Language

eng

Summary

Financial stability is a pillar of well-functioning financial markets. After the last financial crisis, European policymakers harmonised banking regulation and revised the framework of banking resolution. The introduction of the bail-in legislation is a natural experiment to improve the understanding of banking resolution and how it affected the funding strategies of banks. This book assesses whether financial stability has been strengthened by the change in banks' resolution policy with a focus on the bail-in. The book shows how banks changed their funding strategies, shrank their balance-sheets and relied more on deposits. The book will discuss inter-alia the mis-selling of bonds, which happened during 2012-2013, analysing whether the bond allocation changed after the bail-in launch. It discusses how the bail-in mechanism was deemed credible by equity holders and argues that the European case would have useful implications for third countries. Finally, the book relates this discussion to the possible collateral effects generated by the new resolution policy during and after the COVID-19 crisis, which will be of particular interest to researchers and policymakers in banking and financial institutions. Angela Maddaloni is Head of the Financial Intermediation Research Section in the Directorate General Research of the European Central Bank, where she has worked since 2001. Her research and policy interest cover a wide range of topics related to financial intermediation, macro-financial linkages, the transmission of monetary policy, credit and business cycles and the impact of financial regulation. Giulia Scardozzi is a temporary research fellow at University of Roma TRE, Italy. She received her PhD in December 2020 at University of Roma TorVergta, Italy.--

Member of

• Palgrave Macmillan Studies in Banking and Financial Institutions,

Is part of

• Springer Nature eBook

Assigning source

Provided by publisher

Image bit depth

0

Literary form

non fiction

Nature of contents

dictionaries

Series statement

• Palgrave Macmillan Studies in Banking and Financial Institutions,
• Springer eBooks.