На 18 януари 2017 г. започна да се прилага ново законодателство на ЕС, което има за цел да подобри ефикасността при запорирането на банкови сметки. Кредиторите в ЕС вече могат да ползват стандартизирана процедура, която им дава възможност да запорират банковите сметки на длъжниците, за да обезпе...
This paper analyses the accountability mechanisms of the European Central Bank and of the Bank of England and focuses on parliamentary accountability for the monetary policy functions. The paper suggests ways to improve the Monetary Dialogue between the ECB and the Committee on Economic and Mone...
The Swiss National Bank is highly independent but weakly accountable. Weak accountability is rooted in the formal legislation on central banking but also in the reputation of the Bank, which is unanimously considered as highly successful. The ECB too is highly independent and weakly accountable ...
The minimum requirement for own funds and eligible liabilities (MREL) is one of the key requirements that make resolution credible. It ensures that banks have enough resources to allow resolution authorities to execute their preferred strategy in case of a bank’s failure – usually a bail-in or a...
Deposit protection applies to deposits across the European Union. It is the safety guarantee to citizens that they will get back their money in case their bank fails. The protection guarantees bank deposits up to €100,000 (or equivalent amount in the local currency) are safe, and will be repaid ...
In some recent studies, the question of the origins of central banking has been revisited, suggesting that beyond Swedish and British central banking, a number of earlier European continental institutions would also have played an important role. However, it has often been difficult to access th...
The preparation of accurate valuation reports is among the most challenging elements of the resolution mechanism. That challenge is underlined by the following observation: during the crises in the past decade, for almost half of the bailed-out banks the estimates for losses and capital needs we...
This paper discusses from a legal perspective the challenges and difficulties involved in the production of the valuation reports required by the BRRD and considers the option of a moratorium tool for use by the resolution authorities as a possible way forward, which could address the concerns a...
The aim of the ESCB Legal Conference 2016 has been to present legal developments, legal challenges and practical legal issues which have recently arisen and are related to the activities of the Eurosystem and of the Single Supervisory Mechanism....
Cette étude a pour objet d'évaluer la résilience du cadre de l'Union bancaire créé ces dernières années et plus particulièrement d'estimer les coûts potentiels qui seraient générés par différents chocs bancaires, dans différents scénarios, en fonction de la mise en oeuvre du pilier de résolution...