The first step in Europe’s banking union is achievable, but it won’t be easy

Nicolas Véron, 29 October 2012

a

A

The leaders of Eurozone countries issued an unprecedented commitment on 29 June; the statement began, “[w]e affirm that it is imperative to break the vicious circle between banks and sovereigns” (Euro Area Leaders 2012).

Topics: EU institutions, Europe's nations and regions
Tags: crisis management, ECB, EZ banking union

The first step in Europe’s banking union is achievable. But it won’t be easy.

, 1 January 1970

a

A

The leaders of Eurozone countries issued an unprecedented commitment on 29 June; the statement began, “[w]e affirm that it is imperative to break the vicious circle between banks and sovereigns” (Euro Area Leaders 2012).

Topics: EU institutions, Europe's nations and regions
Tags: crisis management, ECB, EZ banking union

Banking union as a crisis-management tool

Charles Wyplosz, 16 October 2012

a

A

There can be no banking system without a lender of last resort. Some countries have various mechanisms that provide lending in first resort when a bank fails. This can be a deposit insurance agency, a rainy day fund fed by bank dues, or an understanding that banks rescue each other when the need arises.

Topics: EU institutions, Europe's nations and regions
Tags: crisis management, ECB, EZ banking union

Crisis Management at Cross-Roads

16 November 2009 - 1 January 1970, Auditorium, National Bank of Belgium, Brussels

SUERF/CEPS/BFF Conference followed by SUERF Annual Lecture 2009 Sessions on: <ul>Provision of liquidity and Lender of Last Resort operations: effectiveness, governance, cross-border and cross currency issues</ul> <ul>Cross-border bank resolution</ul> <ul>Deposit guarantee schemes: How to re-establish clients’ confidence</ul> <ul>Limits of the "Lender of Last Resort", "Too big to fail" and "Too big to save" theses</ul> <strong>Followed by the 2009 SUERF Annual Lecture to be delivered by Jaime Caruana, General Manager, Bank for International Settlements</strong> Participation free of charge for members of SUERF, CEPS and the Belgian Financial Forum, <strong>non-members EUR 100</strong>
Organizer(s):
Michael Bailey
Type:
Conference
Location:
Auditorium, National Bank of Belgium, Brussels
Attendance:
Open attendance
Contact:
michael.bailey@oenb.at
Institution:
SUERF, CEPS and BFF
More information:
www.suerf.org

Disclaimer: Vox is not responsible for the accuracy of this information.


Topic(s):
Institutions and economics
Tags:
crisis management, Cross-Border Bank Resolution, Deposit Guarantee Schemes, lender of last resort

Crisis management in the EU

Sylvester Eijffinger, 4 December 2008

a

A

The ECB is doing crisis prevention in many ways, in particularly through promoting co-ordination and co-operation between national supervisors, mainly through the ESCB Banking Supervision Committee, and providing liquidity management on the inter-bank markets.

Topics: EU policies, Financial markets
Tags: crisis management, EU, financial crisis, monetary policy

The IMF as a reserve manager

Michael Bordo, Harold James, 18 June 2008

a

A

In the original conception of the 1944 Bretton Woods Conference, the International Monetary Fund (IMF) was created to deal with problems that had afflicted the interwar world, particularly the lopsided distribution of reserves and the deflationary consequences for the international economy – as well as with crisis management.

Topics: International finance
Tags: crisis management, IMF, reserves

Vox eBooks

CEPR Policy Research