The EU is working to ensure the financial system remains strong and secure and that the single market offers consumers and businesses the financial products they need. Financial institutions and markets play a vital role in the stability and growth of the EU economy. They provide funding to hous...
This paper uses representative individual household data from Luxembourg to evaluate how severe economic conditions could affect bank exposure to the household sector. Information on household income, expenses and liquid assets are used to calculate household-specific probabilities of default (P...
Amidst the global financial crisis, international institutions, national authorities and international commercial banks collaborated closely to prevent contagion spreading to Central, East and south east Europe. They built a platform, the Vienna Initiative, that helped curb disruptions and resto...
The Single Resolution Board (SRB) is the resolution authority for the significant and cross border banking groups established within participating Member States....
