Struggling banks and struggling politicians: Precautionary Recapitalisation as a threat for goals of European financial regulation?

Lately, the instrument of precautionary recapitalisation has aroused more and more attention in discussions on European financial regulation, mostly in the context of the recent Italian version of the ongoing financial crisis. While the Italian government and others are trying to sell precautionary recapitalisation as a benevolent application of an instrument officially provided for in … Continue reading Struggling banks and struggling politicians: Precautionary Recapitalisation as a threat for goals of European financial regulation?