The role of the European banking authority in respect of the dtaft of the directive establishing a framework for the recovery and resolution of credit

• Authors: Sebastian Skuza

Title variants

EN

THE ROLE OF THE EUROPEAN BANKING AUTHORITY IN RESPECT OF THE DRAFT OF THE DIRECTIVE ESTABLISHING A FRAMEWORK FOR THE RECOVERY AND RESOLUTION OF CREDIT

• Languages of publication: EN

Abstracts

EN

According to the assumptions of the European Commission the Draft of the Directive of the European Parliament and Council establishing a framework for the recovery and resolution of credit institutions and investment firms and amending directives is to be the answer to the experiences gained during the last crash on financial markets, which revealed the weaknesses of European crisis management with regard to financial institutions. The aim of this document is to introduce the most essential stipulations of the aforementioned directive as well as characterize the role of the EBA in relation to the tasks entrusted to it and its decision-making procedures. Regarding the solutions included in the proposed Directive in scope of the role of the EBA, as well as the presented decision-making and appeal procedures of this institution it seems that the solutions should be modified, particularly in scope of leaving more competence to national supervisory authorities and other national institutions being part of the financial safety net.

Keywords

EN

FINANCIAL STABILITY; EUROPEAN BANKING AUTHORITY

• Publisher: Wydział Zarządzania - Uniwersytet Gdański
• Journal: Zarządzanie i Finanse
• Year: 2012
• Volume: 4
• Issue: 2
• Pages: 241-256

Contributors

author

Sebastian Skuza

• Faculty Management, Warsaw University, Szturmowa Street 1/3, 02-678 Warsaw