Publication:
Bank Resolution and 'Bail-In' in the EU: Selected Case Studies Pre- and Post-BRRD

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dc.contributor.authorWorld Bank Group
dc.date.accessioned2017-01-31T19:32:07Z
dc.date.available2017-01-31T19:32:07Z
dc.date.issued2016-12-12
dc.description.abstractIn the aftermath of the 2007/08 financial crisis, and lacking sufficient coordinated guidelines or legislation, measures to address failing financial institutions in European Union (EU) Member States were taken at national level. In an effort to improve cross border coordination as well as to reduce future dependence on public money, the European framework for managing the failure of financial institutions was reformed, building upon the financial stability Board’s key attributes. From January 1, 2015, all EU Member States were required to transpose the Bank Recovery and Resolution Directive (BRRD) into their national law. A key element of the new powers is the bail-in tool, requiring banks to recapitalize and absorb losses from within, which was made mandatory as of January 1, 2016. These case studies have been selected as examples of how some EU countries tackled the resolution of several failing European banks. The focus of the case studies is on the application of bail-in features, i.e. statutory private loss absorption outside liquidation. Most cases studies also describe other measures used to deal with distressed financial institutions, including but not limited to government guarantees, capital injections, liquidity supports, and the creation of asset management vehicles to put the bail-in into perspective. The authors hope that, nevertheless, these real life examples of European banks’ resolutions provide a useful and interesting source of reference. For more details on resolution under the BRRD, the authors invite the readers to refer to the FinSAC Guidebook Understanding Bank Recovery and Resolution in the EU: a Guidebook to the BRRD.en
dc.identifierhttp://documents.worldbank.org/curated/en/731351485375133455/Bank-resolution-and-bail-in-in-the-EU-selected-case-studies-pre-and-post-BRRD
dc.identifier.doi10.1596/25975
dc.identifier.urihttps://hdl.handle.net/10986/25975
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Vienna
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectbank crisis resolution
dc.subjectasset management
dc.subjectbail-in
dc.subjectbridge bank
dc.subjectrecapitalization
dc.subjectnationalization
dc.titleBank Resolution and 'Bail-In' in the EUen
dc.title.subtitleSelected Case Studies Pre- and Post-BRRDen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleBank Resolution and 'Bail-In' in the EU
okr.date.disclosure2017-01-25
okr.doctypePublications & Research
okr.doctypePublications & Research::Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/731351485375133455/Bank-resolution-and-bail-in-in-the-EU-selected-case-studies-pre-and-post-BRRD
okr.guid731351485375133455
okr.identifier.doi10.1596/25975
okr.identifier.externaldocumentum090224b084ad9502_2_0
okr.identifier.internaldocumentum27128979
okr.identifier.report112265
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/731351485375133455/pdf/112265-WP-P143745-PUBLIC-December-12-2016-FinSAC-BRRD-CaseStudies.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.geographicalEuropean Union
okr.sectorFinance
okr.themeFinancial and private sector development :: International financial standards and systems
okr.topicFinance and Financial Sector Development::Bankruptcy and Resolution of Financial Distress
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.topicFinance and Financial Sector Development::Financial Regulation & Supervision
okr.topicFinance and Financial Sector Development::Law Finance and Growth
okr.topicLaw and Development::Banking Law
okr.topicLaw and Development::Financial Law
okr.unitFinance and Markets Global Practice
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