This site is for archive purposes. Please visit for latest updates
Go to Top

A macro approach to international bank resolution

Schoenmaker, Dirk, (2017), “A macro approach to international bank resolution”, Bruegel, 10 July

As regulators rush to strengthen banking supervision and implement bank resolution regimes, a macro approach to resolution is needed that considers both the contagion effects of bail-in and the continuing need for a fiscal backstop to the financial system. This can be facilitated through the completion of a banking union in which the European Stability Mechanism (ESM) becomes the fiscal backstop to the euro-area banking system.

Relevant Posts