Comment on the European Parliament Draft Report on the proposal for a recovery and resolution directive : (Rapporteur: Gunnar Hökmark) – Doc 2012/0150 (COD) of 11 October 2012 –
- This present comment suggests an amendment to the proposal for a directive of the European Parliament and of the Council, establishing a framework for the recovery and resolution of credit institutions and investment firms. The current proposal focuses on bail-in, but does not sufficiently take into account the pressure exerted on central bankers, supervisors and politicians by the fear of interbank contagion. The only way out of this hold-up type of situation can be found in bail-in bonds. Bail-in bonds are dedicated loss taking debt instruments, whose status of being first in line if it comes to default is clearly communicated from day one.
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| Author: | Jan Pieter KrahnenORCiDGND |
|---|---|
| URN: | urn:nbn:de:hebis:30:3-299634 |
| Parent Title (English): | Policy Platform - Policy Letter |
| Publisher: | House of Finance |
| Place of publication: | Frankfurt am Main |
| Document Type: | Report |
| Language: | English |
| Date of Publication (online): | 2012/11/01 |
| Date of first Publication: | 2012/11/01 |
| Publishing Institution: | Universitätsbibliothek Johann Christian Senckenberg |
| Release Date: | 2013/09/04 |
| Tag: | Liikanen Report; bail-in bonds; bank resolution |
| Page Number: | 3 |
| First Page: | 1 |
| Last Page: | 2 |
| HeBIS-PPN: | 34436500X |
| Institutes: | Wirtschaftswissenschaften / Wirtschaftswissenschaften |
| Wissenschaftliche Zentren und koordinierte Programme / House of Finance (HoF) | |
| Wissenschaftliche Zentren und koordinierte Programme / Center for Financial Studies (CFS) | |
| Dewey Decimal Classification: | 3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft |
| Sammlungen: | Universitätspublikationen |
| Licence (German): |  Deutsches Urheberrecht |
