Bearing the losses from bank and sovereign default in the Eurozone
Title: Bearing the losses from bank and sovereign default in the Eurozone
Publisher: FIC Press
Citation: Philadelphia : FIC Press, 2014
Series/Number: [Global Governance Programme]; [Europe in the World]
ISBN: 9780990882909; 9780990882916
External link: http://wp.me/p2JCzN-3h
The European University Institute (EUI) and the Wharton Financial Institutions Center (FIC), Wharton School, University of Pennsylvania) organised a conference entitled “Bearing the Losses from Bank and Sovereign Default in the Eurozone”, which was held at the EUI in Florence, Italy, on 24 April 2014. The conference brought together leading economists, lawyers, historians and policy makers to discuss the current economic situation in the Eurozone with particular emphasis on the new regulatory and supervisory architecture in the Eurozone, and loss distribution in the event of default of both banks and sovereigns. The aim was to have an open discussion on these timely and important topics to achieve a better understanding on the future developments of the Eurozone.
Table of Contents:
-- The Contributors vii -- Acknowledgments xvii -- PREFACE xix -- 1 Opening Remarks 1, Brigid Laffan -- 2 Bearing the Losses from Bank and Sovereign,Default in the Eurozone 3, Claudia Buch & Benjamin Weigert -- 3 Legal Aspects of the ECB Asset Quality Review as part of the Comprehensive Assessment 13, Bart Joosen -- 4 A Safe Deposit for Banking Union 25, Thomas Mayer -- 5 European Supervision And Stress Testing: Beware Of False Friends 39, Andrea Resti -- 6 Prevent or Exit? A Policy Dilemma: Policies to Prevent Future Crisis vs. Policies to Exit Current Crisis 55, Miguel Fernández Ordóñez -- 7 A Critical Evaluation of Bail-in as a Bank Recapitalisation Mechanism 65, Charles Goodhart & Emilios Avgouleas -- 8 Burden-sharing Under State Aid Rules: Evolution, State of Play and the Way Ahead 99, Clemens Kerle -- 9 Bail-In Provisions in State Aid and Resolution Procedures: Are They Consistent with Systemic Stability? 113, Stefano Micossi, Ginevra Bruzzone and Miriam Cassella -- 10 Banking Union – Challenges and Consequences 129, Huw Pill -- 11 Restructuring a Euro Area Sovereign Guarantee 143, Lee C. Buchheit & Mitu Gulati -- 12 The Diabolic Loop: Precedents and Legacies 165, Kris James Mitchener -- 13 A Perspective on Renegotiating Sovereign Debt in Unchartered Legal Territory 181, Tolek Petch -- 14 Speech to the European University Institute 213, Tony Barber
Result from a conference held at the EUI in Florence on 24 April 2014.