The Financial Background of the European Deposit Guarantee Schemes and the Resolution Mechanism Report as inadecuate




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Abstract

The new directives of the European Parliament and the European Council issued in 2014 define unified expectations regarding deposit guarantee schemes and regarding banking resolution mechanism to be applied in territory of each EU member states. Moreover, the so called Single Resolution Fund must be implemented by euro member states in order to finance the resolution processes. The article introduces the main rules of the unified systems as well as deals with their financial background. The European Commission declared in its statement the target level of the Single Resolution Fund which is EUR 55 billion. However, we provide evidence that this target level is underestimated.



Item Type: MPRA Paper -

Original Title: The Financial Background of the European Deposit Guarantee Schemes and the Resolution Mechanism-

English Title: The Financial Background of the European Deposit Guarantee Schemes and the Resolution Mechanism-

Language: English-

Keywords: banking resolution, deposit guarantee scheme-

Subjects: E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E52 - Monetary PolicyE - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E58 - Central Banks and Their PoliciesG - Financial Economics > G2 - Financial Institutions and Services > G20 - GeneralG - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks ; Depository Institutions ; Micro Finance Institutions ; MortgagesG - Financial Economics > G2 - Financial Institutions and Services > G28 - Government Policy and RegulationG - Financial Economics > G3 - Corporate Finance and Governance > G38 - Government Policy and Regulation-





Author: Tóth, József

Source: https://mpra.ub.uni-muenchen.de/64794/



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