The new bail-in legislation : an analysis of European banking resolution / Angela Maria Maddaloni, Giulia Scardozzi.
2022
HG2974 .M33 2022
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Title
The new bail-in legislation : an analysis of European banking resolution / Angela Maria Maddaloni, Giulia Scardozzi.
Author
Maddaloni, Angela, author.
ISBN
9783030875602 (electronic bk.)
3030875601 (electronic bk.)
9783030875596
3030875598
3030875601 (electronic bk.)
9783030875596
3030875598
Published
Cham : Palgrave Macmillan, [2022]
Copyright
©2022
Language
English
Description
1 online resource : illustrations (chiefly color)
Other Standard Identifiers
10.1007/978-3-030-87560-2 doi
Call Number
HG2974 .M33 2022
Dewey Decimal Classification
332.1094
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.
Bibliography, etc. Note
Includes bibliographical references and index.
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Access limited to authorized users.
Source of Description
Online resource; title from PDF title page (SpringerLink, viewed December 16, 2021).
Added Author
Scardozzi, Giulia, author.
Series
Palgrave Macmillan studies in banking and financial institutions.
Available in Other Form
New bail-in legislation.
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Table of Contents
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.
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.