Bank Failure and Resolution in the EU (Hardcover)

Sebastian Royo

ISBN 10: 1041219504 / ISBN 13: 9781041219507

Published by Taylor & Francis Ltd, London, 2026

About this Item

Hardcover. Financial crises are recurring events that expose weaknesses in risk management, regulation, and supervision. The 2008 financial crisis demonstrated the systemic nature of banking crises and the high cost of taxpayer-funded bailouts, leading policymakers to reform crisis-management frameworks. In the European Union (EU), these reforms included the Banking Union and the Bank Recovery and Resolution Directive (BRRD), which aimed to reduce reliance on public funds and address the Too Big to Fail (TBTF) problem. However, the framework has proven less effective for small and medium-sized banks, and recent stress episodes have revealed some inefficiencies, prompting further reforms through the Crisis Management and Deposit Insurance (CMDI) directive.This book examines lessons from past bank failures and evaluates the effectiveness of the EUs post-2008 resolution regime. It combines conceptual analyses with empirical case studies from Europe and the United States, exploring systemic risk, the TBTF dilemma, and the practical challenges of resolution. The cases highlight successes, controversies, and persistent weaknesses, such as liquidity provision, deposit-insurance fragmentation, and the treatment of smaller banks. Overall, the volume argues that although significant progress has been made, bank resolution remains a complex political and institutional challenge, and further reforms are needed to ensure a credible and effective framework for both large and smaller banks.The book is aimed at scholars, researchers and advanced students in the banking, finance and regulatory economics community, as well as regulators, policy makers and professionals working in central banks, supervision authorities, resolution agencies and deposit guarantee schemes. This book examines lessons from past bank failures and evaluates the effectiveness of the EUs post-2008 resolution regime. It combines conceptual analyses with empirical case studies from Europe and the United States, exploring systemic risk, the TBTF dilemma, and the practical challenges of resolution. This item is printed on demand. Shipping may be from multiple locations in the US or from the UK, depending on stock availability.

Seller Inventory # 9781041219507

Bibliographic Details

• Title: Bank Failure and Resolution in the EU (Hardcover)
• Publisher: Taylor & Francis Ltd, London
• Publication Date: 2026
• Language: English
• ISBN 10: 1041219504
• ISBN 13: 9781041219507
• Binding: Hardcover
• Condition: new

About this title

Synopsis

Financial crises are recurring events that expose weaknesses in risk management, regulation, and supervision. The 2008 financial crisis demonstrated the systemic nature of banking crises and the high cost of taxpayer-funded bailouts, leading policymakers to reform crisis-management frameworks. In the European Union (EU), these reforms included the Banking Union and the Bank Recovery and Resolution Directive (BRRD), which aimed to reduce reliance on public funds and address the “Too Big to Fail” (TBTF) problem. However, the framework has proven less effective for small and medium-sized banks, and recent stress episodes have revealed some inefficiencies, prompting further reforms through the Crisis Management and Deposit Insurance (CMDI) directive.

This book examines lessons from past bank failures and evaluates the effectiveness of the EU’s post-2008 resolution regime. It combines conceptual analyses with empirical case studies from Europe and the United States, exploring systemic risk, the TBTF dilemma, and the practical challenges of resolution. The cases highlight successes, controversies, and persistent weaknesses, such as liquidity provision, deposit-insurance fragmentation, and the treatment of smaller banks. Overall, the volume argues that although significant progress has been made, bank resolution remains a complex political and institutional challenge, and further reforms are needed to ensure a credible and effective framework for both large and smaller banks.

The book is aimed at scholars, researchers and advanced students in the banking, finance and regulatory economics community, as well as regulators, policy makers and professionals working in central banks, supervision authorities, resolution agencies and deposit guarantee schemes.

About the Author

Sebastián Royo is a Professor of Political Science in the Department of Political Science at Clark University in Worcester, MA, USA.

Ewa Miklaszewska is a Professor of Finance and the Chair of the Department of Banking and Global Financial System at Cracow University of Economics, Poland.

Giovanni Ferri is a Professor of Economics at LUMSA University of Rome, Italy.