Template-Type: ReDIF-Article 1.0
Author-Name: Thomas F. Huertas
Author-Workplace-Name: Ernst & Young
Author-Email: THuertas@uk.ey.com
Title: Resolution Reform
Abstract: Although bail-outs helped contain the financial crisis in 2008, making bail-outs the norm
would undermine the public finances and sow the seeds for future crises. To prevent
this, policymakers are reforming resolution at both the global and European level. This
will assure that banks can fail without significant disruption to financial markets or the
economy at large with shareholders and creditors, not taxpayers, bearing the cost. That
in turn will improve market discipline and reinforce regulatory and supervisory measures
to enhance financial stability.
Classification-JEL: H12
Keywords: banking, resolution, regulation, bail-in, financial stability
Journal: Financial and Economic Review  
Pages: 86-99
Volume: 13
Issue: 4
Year: 2014
File-URL: http://english.hitelintezetiszemle.hu/letoltes/4-huertas-en.pdf
Handle: RePEc:mnb:finrev:v:13:y:2014:i:4:p:86-99