The forgotten aspects of bank resolution mechanisms

Editorial

Authors

  • Nuno Garoupa Texas A&M University School of Law & Católica Global School of Law, 1515 Commerce Street, Fort Worth, TX 76102, United States

Keywords:

Litigation; Transaction Costs; Banking Resolution; Regulation

Abstract

Using the resolution applied to Banco Espírito Santo as an example, we suggest a short consideration of legal, regulatory and political aspects in relation to banking failure. We conclude that if the legal, regulatory and political dimensions are ignored, banking resolutions could increase transaction costs more generally than otherwise.

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Published

04-04-2016

Issue

Vol. 3 No. 1 (2016): Bank Resolution Measures and the Financial System

Section

Thematic Issue

License

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Creative Commons License

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