FMI - Document de travail : Gestion et résolution de crise pour un système bancaire européen
19/03/2010 FMIThis paper proposes an integrated crisis management and resolution
framework for the EU's single banking market. It comprises a
European Resolution Authority (ERA), armed with the mandate and the
tools to deal cost-effectively with failing systemic cross-border
banks, and isdesigned to address many fundamental operational and
incentive problems. It also seeks to reduce moral hazard and better
protect countries against the risk of twin fiscal-financial crises
by detaching banks from government budgets. The ERA would be most
effective if it were twinned or combined with a European Deposit
Insurance and Resolution Fund.