Giulia Scardozzi: The New Bail-In Legislation

Cover: 9783030875596 | The New Bail-In Legislation | Giulia Scardozzi (u. a.) | Buch | xiii

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Sprache: Englisch

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Beschreibung

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. ¿

Über den Autor

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.

Zusammenfassung

Analyses the effects of the new resolution regime in European banking with the introduction of the bail-in tool

Contains analysis using unique central bank databases and of risk allocation

Offers a comprehensive analysis of the effects caused by funding, risk allocation and market reactions

Inhaltsverzeichnis

Chapter 1: The new resolution framework.- Chapter 2: Bank funding strategies after the bail-in announcement.- Chapter 3: Risk Allocation and bond misselling after the bail-in directive.- Chapter 4: Bond allocation after the bank resolution cases.- Chapter 5: Market reaction at the resolution events.

Details

Erscheinungsjahr:	2021
Fachbereich:	Einzelne Wirtschaftszweige
Genre:	Wirtschaft
Rubrik:	Recht & Wirtschaft
Medium:	Buch
Reihe:	Palgrave Macmillan Studies in Banking and Financial Institutions
Inhalt:	xiii 85 S. 2 s/w Illustr. 9 farbige Illustr. 85 p. 11 illus. 9 illus. in color.
ISBN-13:	9783030875596
ISBN-10:	3030875598
Sprache:	Englisch
Ausstattung / Beilage:	HC runder Rücken kaschiert
Einband:	Gebunden
Autor:	Scardozzi, Giulia Maddaloni, Angela Maria
Auflage:	1st ed. 2022
Hersteller:	Springer International Publishing Springer International Publishing AG Palgrave Macmillan Studies in Banking and Financial Institutions
Maße:	216 x 153 x 11 mm
Von/Mit:	Giulia Scardozzi (u. a.)
Erscheinungsdatum:	08.12.2021
Gewicht:	0,253 kg

Artikel-ID: 120471282