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Risk and Regulation in Euro Area Banks

Completing the Banking Union

  • Francesca¬†Arnaboldi
Book

Table of contents

  1. Front Matter
    Pages i-xxiv
  2. Francesca Arnaboldi
    Pages 1-19
  3. Francesca Arnaboldi
    Pages 43-66
  4. Francesca Arnaboldi
    Pages 67-88
  5. Francesca Arnaboldi
    Pages 123-141
  6. Back Matter
    Pages 143-145

About this book

Introduction

Since the last financial crisis, much work has been undertaken to strengthen the ability to respond to distress in the EU financial system. However, reforms enacted since the Single Resolution Mechanism was created in July 2014 as part of the Banking Union initiated in 2012 mainly focused on non-performing loans, and the third pillar of the Banking Union, namely a European Deposit Insurance Scheme, has not been completed.

Against this backdrop, this book focuses on the reasons why the EU banking system continues to remain fragile. In particular, high stocks of non-performing loans in some countries, the Level 3 assets evaluation and high exposure of many banks to the debts of their own governments are among the major concerns. Secondly, the book discusses the completion of the public safety net for banks, including deposit insurance, which remains primarily at the national level. This creates scope for contagion from banking sector fragility to national sovereign debt distress. Of interest to banking researchers, academics and students, this book combines rigorous analysis of the regulatory framework and empirical investigation on EU banking system data to prove that market discipline and risk sharing should be viewed as complementary pillars of the Euro-area financial architecture rather than as substitutes, requiring a reformed institutional framework.

Keywords

Banking Union Bank performance and risk Bank regulation NPL Deposit Insurance Schemes EU financial system European finance Regulatory framework

Authors and affiliations

  • Francesca¬†Arnaboldi
    • 1
  1. 1.Department of Law BeccariaUniversity of MilanMilanItaly

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-030-23429-4
  • Copyright Information The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2019
  • Publisher Name Palgrave Macmillan, Cham
  • eBook Packages Economics and Finance
  • Print ISBN 978-3-030-23428-7
  • Online ISBN 978-3-030-23429-4
  • Series Print ISSN 2523-336X
  • Series Online ISSN 2523-3378
  • Buy this book on publisher's site
Industry Sectors
Finance, Business & Banking