Financing bank resolution: An alternative solution for arranging the liquidity required
Liquidity in resolution is one of the unresolved elements of the Single Resolution Mechanism. Currently, with the Single Resolution Fund (SRF) and the Eurosystem, there are two potential sources of liquidity in resolution, which both have clear limitations in use and amounts. Straightforward solutions to give the SRF and/or Eurosystem more firepower in resolution go against the main objectives of the resolution mechanism (i.e. breaking the sovereign-bank nexus and avoiding use of taxpayers’ money). This paper proposes an ECB liquidity facility with an SRF-guarantee as an alternative solution for banks in resolution. The funds available should be broadly sufficient to address potential liquidity needs for resolution tools. The proposed solution primarily requires agreement on the ESM-backstop for the SRF, a firmer commitment for (possible) future contributions for the SRF as well as a change to the current emergency liquidity assistance or introduction of a new dedicated Transitional Liquidity Assistance by the Eurosystem.
Hĺbková analýza
Externý autor
W.P. De Groen, CEPS
O tomto dokumente
Typ publikácie
Oblasť politiky
Kľúčové slovo
- banková únia EÚ
- centrálna banka
- eurozóna
- EURÓPSKA ÚNIA
- FINANCIE
- finančná inštitúcia
- finančná legislatíva
- finančná solventnosť
- finančné riziko
- kontrola likvidity
- manažment
- menová ekonómia
- menové a finančné inštitúcie
- menové vzťahy
- občianske právo
- organizácia podniku
- podnik v ťažkostiach
- PODNIKANIE A SÚŤAŽ
- PRÁVO
- právo Európskej únie
- riadenie rizík
- technická norma
- technológia a technické predpisy
- tvorba práva EÚ
- voľný pohyb kapitálu
- VÝROBA, TECHNOLÓGIA A VÝSKUM