Does BRRD mitigate the bank-to-sovereign risk channel? [PDF]
We investigate the effectiveness of the Bank Recovery and Resolution Directive (BRRD) in mitigating the transmission of credit risk from banks to their sovereign, using CDS spreads to capture bank and sovereign credit risk for a sample of 43 banks in 8 Euro Area countries over the period 2009–2020.
Martien Lamers +3 more
doaj +6 more sources
A method based on BRD/BRRD for moving target localisation with minimal transmitters
During the procedure of three‐dimensional (3D) moving target localisation in multistatic passive radar (MPR) system, conventional closed‐form algorithms and their enhanced versions necessitate at least four transmitters to obtain unambiguous localisation,
Mingzhu Yan, Haihong Tao, Le Wang
doaj +3 more sources
Italian bank crisis: flexible application of BRRD rules, or a bailout in disguise? [PDF]
The economic and financial crisis of the year 2008 highlighted the need for banking sector regulation via the creation of the banking union. The Bank Recovery and Resolution Directive (BRRD) represents an important milestone in the formation of the ...
Famfollet Jan, Sankotová Eliška
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Does the BRRD affect the retail banking business model in the Euro area? [PDF]
AbstractThis paper discusses how the introduction of the Banking Recovery and Resolution Directive (BRRD) in European Union legislation may change the retail banking business model, which is the most prevalent model in Southern European countries. The main point is the treatment of deposits in the BRRD.
Domenica Tropeano
exaly +3 more sources
An Overview of Micro- and Macroprudential Policy Tools in the EU in the Times of the COVID-19 Pandemic Economic Shock [PDF]
The financial crisis from 2008 and the following Eurozone crisis from 2012 created an incentive to establish a system of financial supervision at the European Union (“EU”) level, due to the fact that the policy tool commonly used turned out to be ...
Agnieszka Radek
doaj +1 more source
Does Bank Resolution Rule out the Use of Public Funds? The Case of the Podkarpacki Bank Spółdzielczy
On 15 January 2020 Polish resolution authority made a decision to launch the resolution of a regional cooperative bank. The aim of the resolution was to maintain the service of local government units, considered as the critical function of the bank.
Andrzej R. Stopczyński
doaj +1 more source
BRRD Credibility and the Bank-Sovereign Nexus
We investigate the effectiveness of the Bank Recovery and Resolution Directive (BRRD) in mitigating the bank-sovereign nexus in the Euro Area. Using CDS spreads to measure bank and sovereign credit risk and a DCC-MIDAS model capturing the long-term component of bank-sovereign interconnectedness, we document that the dynamic correlation between banks ...
Martien Lamers +3 more
openaire +2 more sources
Does bank resolution rule out the use of public funds? The case of the Podkarpacki Bank Spółdzielczy
On 15 January 2020 Polish resolution authority made a decision to launch the resolution of a regional cooperative bank. The aim of the resolution was to maintain the service of local government units, considered as the critical function of the bank.
Andrzej Stopczyński
doaj +1 more source
Given the unique position of credit institutions and their systemic importance for the financial stability, their resolution has been traditionally entrusted to supervisory authorities rather than courts.
Martin Šerák
doaj +1 more source
The Italian Regulation of the Intra-Group Financial Support Agreement in a Comparative Perspective [PDF]
This paper focuses on the new rules about the “intra-group financial support agreement” regulated by the Italian Banking Code (TUB). The investigation recognizes the importance of the conditions for the support and the exclusion clauses listed by the TUB,
Sbarbaro Ferruccio Maria
doaj +1 more source

