Skip to main content Accessibility help
Hostname: page-component-8448b6f56d-qsmjn Total loading time: 0 Render date: 2024-04-24T19:17:34.678Z Has data issue: false hasContentIssue false

7 - Shadow resolutions as a no-no in a sound Banking Union

from Part I - Micro- and macro-prudential regulation

Published online by Cambridge University Press:  05 August 2015

Ester Faia
Goethe-Universität Frankfurt Am Main
Andreas Hackethal
Goethe-Universität Frankfurt Am Main
Michael Haliassos
Goethe-Universität Frankfurt Am Main
Katja Langenbucher
Goethe-Universität Frankfurt Am Main
Get access


Image of the first page of this content. For PDF version, please use the ‘Save PDF’ preceeding this image.'
Financial Regulation
A Transatlantic Perspective
, pp. 150 - 166
Publisher: Cambridge University Press
Print publication year: 2015

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)


Bennett, Rosalind L. and Unal, Haluk (2010). “The cost effectiveness of the private-sector resolution of failed bank assets.” University of Maryland, Robert H. Smith School of Business, Working Paper No. RHS-06–143.CrossRefGoogle Scholar
Carletti, Elena and Hartmann, Philipp (2002). “Competition and stability: what’s special about banking?” ECB Working Paper 146.CrossRefGoogle Scholar
Carnell, Richard S., Macey, Jonathan R., and Miller, Geoffrey P. (2009). Banking law and financial regulation. Aspen Publishers, 4th edition.Google Scholar
Claessens, Stijn, Djankov, Simeon, and Klingebiel, Daniela (1999). “Financial restructuring in East Asia: halfway there?” World Bank Financial Sector Discussion Paper 3.Google Scholar
Cowan, Arnold R. and Salotti, Valentina (2013). “The resolution of failed banks during the crisis: acquirer performance and FDIC guarantees, 2008–2011.” Working Paper Series, available at SSRN: Scholar
Croci, Ettore, Hertig, Gerard, and Nowak, Eric (2014). “Decision-making during the crisis: why did the treasury let commercial banks fail?” European Corporate Governance Institute (ECGI) – Law Working Paper, available at SSRN: Scholar
Dam, Lammertjan and Koetter, Michael (2012). “Bank bailouts and moral hazard: evidence from Germany.” Review of Financial Studies 25: 2343.CrossRefGoogle Scholar
Davies, Alan (2013). “Bank resolution in the UK: creating a culture of early intervention.” Working Paper, mimeo.CrossRefGoogle Scholar
Drummond, Paulo, Meachler, Andrea M., and Marcelino, Sandra (2007). “Assessing competition and efficiency in the banking system.” IMF Working Paper 26.Google Scholar
Ferran, Eilis (2014). “European Banking Union: imperfect, but it can work.” Cambridge Legal Studies Research Paper 30.CrossRefGoogle Scholar
Freixas, Xavier (1999). “Optimal bailout, conditionality and constructive ambiguity.” LSE Financial Market Group Discussion Paper 237.Google Scholar
Garicano, Luis (2012). “Five lessons from the Spanish Cajas debacle for a new euro-wide supervisor.” In Beck, Thorsten (ed.), Banking Union for Europe, risks and challenges. Centre for Economic Policy Research.Google Scholar
Garrido, Jose M. (2012). Out-of-court debt restructuring. World Bank.Google Scholar
Hall, Maximilian J.B. (2009). “The Sub-Prime Crisis, the credit crunch and bank ‘failure’: an assessment of the UK authorities’ response.” Journal of Financial Regulation and Compliance 17(4).CrossRefGoogle Scholar
Hawkins, John and Turner, Philip (1999). “Bank restructuring in practice: an overview.” BIS Policy Paper 6.Google Scholar
Hoggarth, Glenn, Reidhill, Jack, and Sinclair, Peter (2004). “On the resolution of banking crisis: theory and evidence.” Bank of England Working Paper 209.Google Scholar
Hüpkes, Eva (2003). “Insolvency: ‘why a special regime for banks.’” In IMF (eds.), Current developments in monetary and financial law, Vol. 3. Washington DC: IMF.Google Scholar
Micossi, Stefano, Bruzzone, Ginevra, and Carmassi, Jacopo (2013). “The new European framework for managing bank crises.” Centre for European Policy Studies, Policy Brief 304.Google Scholar
Milhaupt, Curtis J. (1999). “Japan’s experience with deposit insurance and failing banks: implications for financial regulatory design.” Washington University Law Quarterly 77.CrossRefGoogle Scholar
Nelson, Benjamin and Tanaka, Misa (2014). “Dealing with a banking crisis: what lessons can be learned from Japan’s experience.” Bank of England Quarterly Bulletin 36.Google Scholar
Nobel, Peter (2002). Swiss finance law and international standards. Straempfli: Bern.Google Scholar
Perotti, Enrico C. and Suarez, J (2002). “Last bank standing: what do I gain if you fail?European Economic Review 46(9).CrossRefGoogle Scholar
Sapir, André and Wolf, Guntram B. (2013). “The neglected side of banking union: reshaping Europe’s financial system.” Note presented at the informal ECOFIN, 14.9. 2013, Vilnius, Bruegel.Google Scholar
Swiss Federal Banking Commission (2008). Bank insolvency, the situation in Switzerland and internationally. January 2008 Report.Google Scholar
Tanaka, Naoki (2010). “Deposit insurance cap heralds new system for 21st century Japan.” The Nikkei Weekly September 20.Google Scholar

Save book to Kindle

To save this book to your Kindle, first ensure is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the or variations. ‘’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats