Bail-ins and Bank Resolution in Europe

Bail-ins and Bank Resolution in Europe reviews provides a critical comparison of the US and EU bank resolution rules, including the underlying similarities, differences, and enhancement points of both frameworks. It then goes on to focus on European banking failures, providing estimates of taxpayer costs and considering the hypothetical application of stronger private sector bail-in consistent with the spirit of the Bank Resolution and Recovery Directive. The report ends with a number of policy recommendations concerning governance, stress testing, cross-border issues, and resolution of financial contracts.