ECB paper identifies challenges to creating resolution regimes
A European Central Bank paper published on Wednesday identifies several legal difficulties in adopting bank resolution regimes in Europe, in particular for cross-border groups.
Barbara Jeanne Attinger, the paper's author, assesses and compares the adoption of special resolution regimes in the UK and Germany to identify the key features of an effective bank resolution regime. Attinger says existing regimes are inadequate and incentive structures have proven to be fundamentally destructive, adding
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