Legal Issues of Cross-border Bank Resolution in the EU Context
This paper analyses how the European Union (EU) dealt with its banking crisis specifically in the aspect of cross-border banking resolution. The first part of the paper presents that currently, there is a mismatch between the level of financial integration amongst cross-border EU banks and the fragmented regulatory setting it adheres to. However, there were at the very least, some form of harmonisation in terms of regulation and supervision in the EU. What was completely missing from the picture was any form of harmonisation for a resolution framework.
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