1st Edition

Bank Failure and Resolution in the EU Lessons for the Crisis Management and Deposit Insurance Framework

Edited By Sebastian Royo, Ewa Miklaszewska, Giovanni Ferri Copyright 2027
258 Pages 7 B/W Illustrations
by Routledge

Financial crises are recurring events that expose weaknesses in risk management, regulation, and supervision. The 2008 financial crisis demonstrated the systemic nature of banking crises and the high cost of taxpayer-funded bailouts, leading policymakers to reform crisis-management frameworks. In the European Union (EU), these reforms included the Banking Union and the Bank Recovery and... Read more

Introduction by the Editors
Sebastián Royo, Ewa Miklaszewska, and Giovanni Ferri

1. Lessons from the Global Financial Crisis and the Euro Sovereign Crisis.
Sebastián Royo

2. The “Too Big to Fail” Dilemma and the United States Experience in Bank Resolution by FDIC in the 2023 Systemic Crisis Episode.
Sebastián Royo

3. The Rationale for Reforming Crisis Management and Deposit Insurance (CMDI) Framework in the EU.
Ewa Miklaszewska

4. Will the CMDI Reform Solve the TBTF Problem and be Effective for Small(er) Banks too?
Marco Bodellini and Giovanni Ferri

5. Bank Resolution before BRRD:  Banco Espírito Santo.
Mário Coutinho dos Santos and Nuno Garoupa

6. Moving from Planning to Practice in Bank Resolution: Portuguese Experience with the Resolution of Banco Espírito Santo and BANIF Group.
Pedro Machado and Joana Margarido

7.Resolution of Banco Popular Español.
Ricardo Correia, Cristina Ortega, Nuria Suárez

8.The Controversy with Restructuring of Monte Dei Paschi di Siena.
Giovanni Ferri

9.Towards Recognizing Deposit Guarantee Schemes as Market Economy Operators: The Case of Getin Noble.
Mateusz Krauze

10. Resolution of MKB Bank in Hungary – One of the First Application of the Harmonized European Union Resolution Toolkit.
Krisztina Földényiné Láhm, Krisztina Mohácsi Márta Róbertné, Antal Stréda, Róbert Szegedi

11.  Bank Resolutions of Polish Cooperative Banks PBS Sanok and BS Przemków.
Andrzej Walitza

12.   Social Perceptions and Depositors’ Trust in the Polish Four Resolution Cases: Results of Bank Customers' Survey.
Marcin Idzik, Krzysztof Kil, Ewa Miklaszewska

13.   Bank Resolution Cases by SRB and by National Resolution Authorities: Challenges and Lessons Learned.
Magdalena Kozińska

Biography

Sebastián Royo is a Professor of Political Science in the Department of Political Science at Clark University in Worcester, MA, USA.

Ewa Miklaszewska is a Professor of Finance and the Chair of the Department of Banking and Global Financial System at Cracow University of Economics, Poland.

Giovanni Ferri is a Professor of Economics at LUMSA University of Rome, Italy.