Banks bail-in and the new banking regulation An EU event study /
Maccaferri, Sara
Banks bail-in and the new banking regulation An EU event study / [Recurso electrónico] : Sara Maccaferri, Mario Bellia , Servicio en línea - Bruselas: European Union Publications Office, 2020 - 1 recurso electrónico
The purpose of the study is to estimate the short term reaction of equity and CDS prices of a sample of European banks to various events and announcements, such as bail-ins, recapitalisations, and the proposal and final agreement of the EU reform package of prudential and resolution rules in banking (banking package). This study replicates and expand Schäfer et al. (2017) to include more recent EU events, such as the resolution of Banco Popular and the further tightening of EU prudential and resolution rules in 2019. Overall, our analysis shows the most recent events did not seem to trigger abnormal reactions in bank funding markets after bank prudential and resolution reforms were implemented in the EU in 2016. An exception is the 2018 Council agreement on its general approach to the proposed banking package. While the 2016 and 2019 reforms of EU prudential and resolution rules seem to have increased perceived probabilities of bail-in, the latter seem not to be affected significantly by more recent individual cases.
Disponible solo en los productos indicados vLex Global vLex Global (Academic Edition, excluding Law Schools) vLex Global (U.S. Academic Edition, Law Schools) vLex Global (U.S. Academic Edition, excluding Law Schools) vLex Global (Academic Edition, Law Schools)
978-92-76-20873-0
Derecho Comunitario--Unión Europea
Banks bail-in and the new banking regulation An EU event study / [Recurso electrónico] : Sara Maccaferri, Mario Bellia , Servicio en línea - Bruselas: European Union Publications Office, 2020 - 1 recurso electrónico
The purpose of the study is to estimate the short term reaction of equity and CDS prices of a sample of European banks to various events and announcements, such as bail-ins, recapitalisations, and the proposal and final agreement of the EU reform package of prudential and resolution rules in banking (banking package). This study replicates and expand Schäfer et al. (2017) to include more recent EU events, such as the resolution of Banco Popular and the further tightening of EU prudential and resolution rules in 2019. Overall, our analysis shows the most recent events did not seem to trigger abnormal reactions in bank funding markets after bank prudential and resolution reforms were implemented in the EU in 2016. An exception is the 2018 Council agreement on its general approach to the proposed banking package. While the 2016 and 2019 reforms of EU prudential and resolution rules seem to have increased perceived probabilities of bail-in, the latter seem not to be affected significantly by more recent individual cases.
Disponible solo en los productos indicados vLex Global vLex Global (Academic Edition, excluding Law Schools) vLex Global (U.S. Academic Edition, Law Schools) vLex Global (U.S. Academic Edition, excluding Law Schools) vLex Global (Academic Edition, Law Schools)
978-92-76-20873-0
Derecho Comunitario--Unión Europea
