International Bank Crisis Management: A Transatlantic Perspective

This book examines the legal regimes governing bank crisis management in the EU, UK, and US, discussing the different procedures and tools available, the regulatory architecture, and the authorities involved. It also considers the impact of the COVID-19 pandemic on banks and proposes reform proposals to enhance the legal regimes.

Format: Paperback / softback
Length: 232 pages
Publication date: 22 February 2024
Publisher: Bloomsbury Publishing PLC

This comprehensive book delves into the intricate legal frameworks governing bank crisis management across the European Union (EU), United Kingdom (UK), and United States (US). It provides a detailed examination of the various procedures and tools available to authorities in addressing financial crises, as well as the regulatory architecture and the key stakeholders involved.

Building upon a broad definition of "bank crisis management," the book explores the techniques and approaches employed by governments to tackle troubled banks on both sides of the Atlantic. It distinguishes between liquidation and restructuring strategies, emphasizing the rules permitting the use of public funds and the role of deposit insurance schemes. Additionally, it examines the impact of the COVID-19 pandemic on banks, particularly in terms of the expected surge in non-performing loans and the need for effective asset management.

The book adopts a comparative law perspective, incorporating law and economics considerations to analyze the strengths and weaknesses of the existing legal regimes. It offers policy insights and reform proposals aimed at enhancing the legal frameworks, with a particular focus on the Consultation launched by the European Commission in 2021 to adopt a new bank crisis management and deposit insurance framework within the EU.

Overall, this book is a valuable resource for scholars, policymakers, and practitioners seeking to understand the legal frameworks governing bank crisis management in the EU, UK, and US. It sheds light on the key challenges and opportunities faced by authorities in managing financial crises, and provides valuable insights into the potential reforms and improvements needed to strengthen the resilience of the financial system system.

Dimension: 234 x 156 (mm)
ISBN-13: 9781509961344