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- Bail-in (3) (remove)
- Should the marketing of subordinated debt be restricted/different in one way or the other? What to do in the case of mis-selling? (2016)
- An important prerequisite for the efficiency of bail-in as a regulatory tool is that debt holders are able to bear the cost of a bail-in. Examining European banks’ subordinated debt we caution that households may be investors in bail-in able bonds. Since households do not fulfil the aforementioned prerequisite, we argue that European bank supervisors need to ensure that banks’ bail-in bonds are held by sophisticated investors. Existing EU market regulation insufficiently addresses mis-selling of bail-in instruments.
- Why MREL won’t help much (2017)
- Resolution regime does not lead to enhanced market discipline.
- Towards a three-part structure of banking capital (2017)
- The regulatory setting for bail-in does not ensure private liability and market stability at the same time.
