EU bank insolvency law harmonisation: What next?

Michael Schillig*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

2 Citations (Scopus)

Abstract

After the COVID-19 crisis has subsided, the (further) harmonization of bank insolvency law will again be high on the agenda of EU regulators and policymakers. On the basis of an analysis of the status quo pain points, this article advocates the extension of the BRRD resolution regime to all bank failures, regardless of their systemic relevance. This could be achieved by removing the public interest requirement as part of the resolution trigger. The ensuing consolidation would significantly reduce complexity and enhance the transparency and legitimacy of the EU crisis management framework.

Original languageEnglish
Pages (from-to)239-266
Number of pages28
JournalInternational Insolvency Review
Volume30
Issue number2
DOIs
Publication statusPublished - 1 May 2021

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