EU Bank Insolvency Law Harmonization: What Next?

36 Pages Posted: 27 Aug 2020

See all articles by Michael Schillig

Michael Schillig

King's College London - The Dickson Poon School of Law

Date Written: April 21, 2020

Abstract

After the COVID-19 crisis has subsided, the (further) harmonization of bank insolvency law will again be high on the agenda of EU regulators and policy makers. On the basis of an analysis of the status quo pain points, the paper advocates the extension of the BRRD resolution regime to all bank failures, regardless of their systemic relevance. This could be achieved by removing the public interest requirement as part of the resolution trigger. The ensuing consolidation would significantly reduce complexity and enhance the transparency and legitimacy of the EU crisis management framework.

Keywords: BRRD, SRM, harmonisation, resolution, insolvency

JEL Classification: K

Suggested Citation

Schillig, Michael, EU Bank Insolvency Law Harmonization: What Next? (April 21, 2020). Available at SSRN: https://ssrn.com/abstract=3678723 or http://dx.doi.org/10.2139/ssrn.3678723

Michael Schillig (Contact Author)

King's College London - The Dickson Poon School of Law ( email )

Somerset House East Wing
Strand
London, WC2R 2LS
United Kingdom

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