Abstract
This chapter describes the restructuring tools applied during the recent crisis to the EU banks and the costs associated with them. The most typical tool was recapitalization, combined also with deep restructuring of a bank or a merger, or a bailout, in other words. Liquidation and nationalization were used rather rarely, mostly in the case of small and medium-sized banks. A new tool, bail-in, was used in Cyprus and Slovenia. This chapter is complemented by a comprehensive Appendix, offering descriptions of case studies of bank restructuring, presented together with ‘bad’ asset management companies and resolution processes applied in several EU countries.
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© 2016 Warsaw School of Economics
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Iwanicz-Drozdowska, M., Smaga, P., Witkowski, B. (2016). Restructuring Tools and Their Costs. In: European Bank Restructuring During the Global Financial Crisis. Palgrave Macmillan Studies in Banking and Financial Institutions. Palgrave Macmillan, London. https://doi.org/10.1057/9781137560247_4
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DOI: https://doi.org/10.1057/9781137560247_4
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-56021-9
Online ISBN: 978-1-137-56024-7
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