Elke König: An Assessment Ten Years After the Financial Crisis
Introduction
This September we mark ten years since the beginning of the Global Financial Crisis. It is a period that allows all of us involved in the financial sector to pause and reflect. We reflect on the causes of the last financial crisis and we take stock of all the...
Eurofi Article by Elke König - Why we need an EU liquidation regime for banks
The resolution of banks is a specific insolvency procedure, introduced as an alternative to liquidation under national laws. Under the EU regulatory framework, resolution only applies where resolving a failing bank is in the public interest – be it out of financial stability concerns or because...
Eurofi Article by Elke König - Gaps in the Banking Union regarding funding in resolution and how to close them
A key task of resolution authorities (RA) is to ensure financial stability and continuity of critical services of a failed bank so that it can meet all obligations due after resolution. To achieve this RA have been given a number of tools. However, while the bail-in of creditors and...
