European deposit insurance: financing the transition

Author (Person) ,
Series Title
Series Details 6 September 2012
Publication Date 06/09/2012
Content Type

From Source URL click on 'Download the document (PDF) for FREE'.

Arguing that the planned move to put the ECB in charge of banking supervision would be incomplete without a European Deposit Insurance and Resolution Authority (EDIRA), Daniel Gros and Dirk Schoenmaker spell out in a new CEPS Commentary some underlying principles to guide a gradual transition under which only future risks would be shared while past losses would remain at the national level. They show that ultimately such a new institution would serve as a genuine source of confidence in the European banking system.

Source Link
Subject Categories
Countries / Regions