Regulators’ commitment to bail-in – is it credible? The case of MPS and Banco Popular

With the Italian bank Monte dei Paschi di Siena (MPS) about to be bailed out again by the Italian taxpayer, push comes to shove: Are post-crisis reforms working? First and foremost, this concerns the innovative resolution instrument of "bail-in". While until a few days ago, there was no reason to assume that the vicious combination … Continue reading Regulators’ commitment to bail-in – is it credible? The case of MPS and Banco Popular

A European Regulatory Spring?

Not only is it actually getting warmer outside, spring also seems to be coming to the European regulatory landscape. Emmanuel Macron's victory in the French presidential election, the imminent Brexit negotiations and the uplift in the single market's economic outlook have lead to a thawing of regulatory thinking in policy circles. Several issues are currently … Continue reading A European Regulatory Spring?

Regulators’ competition: Towards an objective based regulatory architecture

Lawmakers, regulators and academics spend much energy reforming the substantive regulatory subject matter. The equally important question of how to transform this „law in the books“ to the „law in action“ is less prominent. This is astonishing, given that the prevalent systems of both sectoral (banks, capital markets, insurance; e.g. the US system with OTC, … Continue reading Regulators’ competition: Towards an objective based regulatory architecture

Our Project

Finance is international. Its regulation and supervision, however, are primarily conducted from a national perspective. This gap is increasingly being addressed by academics, lawyers and policy-shapers. In response to the financial crises of recent times, international legislators and regulators have ultimately begun to transpose proposals of this kind into legal action. This is impressingly documented … Continue reading Our Project