Institutional Protection Schemes in the Banking Union PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Institutional Protection Schemes in the Banking Union PDF full book. Access full book title Institutional Protection Schemes in the Banking Union by Filippo Ippolito. Download full books in PDF and EPUB format.
Author: Filippo Ippolito
Publisher:
ISBN: 9789284693870
Category :
Languages : en
Pages : 0
Get Book Here
Book Description
The present study provides an analysis of the existing Institutional Protection Schemes (IPSs) in the Banking Union within the context of the ongoing review of the bank crisis management and deposit insurance framework. The paper examines how IPSs form an integral part of the European deposit insurance protection architecture, specifically in Germany and Austria, and how IPS operate alongside National Resolution Authorities and National Deposit Insurance Schemes.This document was prepared by the Economic Governance Support Unit at the request of the ECON Committee
Author: Filippo Ippolito
Publisher:
ISBN: 9789284693870
Category :
Languages : en
Pages : 0
Get Book Here
Book Description
The present study provides an analysis of the existing Institutional Protection Schemes (IPSs) in the Banking Union within the context of the ongoing review of the bank crisis management and deposit insurance framework. The paper examines how IPSs form an integral part of the European deposit insurance protection architecture, specifically in Germany and Austria, and how IPS operate alongside National Resolution Authorities and National Deposit Insurance Schemes.This document was prepared by the Economic Governance Support Unit at the request of the ECON Committee
Author: Harry Huizinga
Publisher:
ISBN: 9789284691470
Category :
Languages : en
Pages : 21
Get Book Here
Book Description
This paper documents the relevance of Institutional Protection Schemes (IPSs) in the European banking market, and it discusses some drawbacks of the current practice of recognizing some IPSs as a deposit guarantee scheme as well as possible options for regulatory reform.This document was provided by the Economic Governance Support Unit at the request of the ECON Committee.
Author: Jakob de Haan
Publisher:
ISBN: 9789284693894
Category :
Languages : en
Pages : 0
Get Book Here
Book Description
This paper discusses the Institutional Protection Schemes of the German Savings Banks Finance Group and the National Association of Cooperative Banks. Both schemes have been recognised as Deposit Guarantee Schemes. Although both schemes never had to pay out to depositors, supervisors have expressed worries about several weaknesses of the IPS of the Savings Banks Finance Group, such as unclear responsibilities of the ‘owners’ and the IPS, complex decision-making processes, risk of insufficient pro-active interventions, and no separation between the IPS and the DGS fund. The paper also discusses how both schemes relate to a European Deposit Guarantee Scheme.This document was prepared by the Economic Governance Support Unit at the request of the ECON Committee.
Author: Rainer Haselmann
Publisher:
ISBN: 9789284693849
Category :
Languages : en
Pages :
Get Book Here
Book Description
This briefing paper describes and evaluates the law and economics of institution(al) protection schemes. Throughout our analysis, we use Europe's largest such scheme, that of German savings banks, as paradigm. We find strengths and weaknesses: Strong network-internal monitoring and early warning seems to be an important contributor to IPS network success. Similarly, the geographical quasi-cartel encourages banks to build a strong client base, including SME, in all regions. Third, the growth of the IPS member institutions may have benefitted from the strictly unlimited protection offered, in terms of euro amounts per account holder. The counterweighing weaknesses encompass the conditionality of the protection pledge and the underinvestment risk it entails, sometimes referred to as blackmailing the government, as well as the limited diversification potential of the deposit insurance within the network, and the near-incompatibility of the IPS model with the provisions of the BRRD, particularly relatingto bail-in and resolution. Consequently, we suggest, as policy guidance, to treat large IPS networks similar to large banking groups, and put them as such under the direct supervision of the ECB within the SSM. Moreover, we suggest strengthening the seriousness of a deposit insurance that offers unlimited protection. Finally, to improve financial stability, we suggest embedding the IPS model into a multi-tier deposit re-insurance scheme, with a national and a European layer. This document was provided by the Economic Governance Support Unit at the request of the ECON Committee.
Author:
Publisher:
ISBN: 9789289924351
Category :
Languages : en
Pages : 10
Get Book Here
Book Description
This document sets out the ECB's approach concerning the assessment of the eligibility of institutional protection schemes (IPSs) for prudential supervisory purposes. It aims to ensure coherence, effectiveness and transparency regarding the policy that will be applied when assessing IPSs in accordance with Regulation (EU) 575/2013 of the European Parliament and of the Council (the Capital Requirements Regulation), in the context of European banking supervision.
Author: Sydney J. Key
Publisher: CEPS
ISBN: 9290791500
Category : Deposit insurance
Languages : en
Pages : 53
Get Book Here
Book Description
Analisis del problema de la armonizacion comunitaria de los sistemas de garantia de depositos.En primer lugar estudia si es mas conveniente un sistema controlado por el pais de origen o por el pais de acogida de las instituciones financieras. A continuacion analiza como se debe realizar la armonizacion para conseguir los objetivos de estos sistemas: proteger a los consumidores y evitar riesgos del sistema, minimizar el riesgo moral y evitar las distorsiones en la competencia. Para ello trata las cuestiones de nivel y amplitud de la proteccion, estructura administrativa y financiera, normas de operacion, y relacion con el Banco Central Europeo. Incluye bibliografia y el texto de la propuesta de directiva sobre sistemas de garantia de depositos de 14 de abril de 1992.(jha).
Author:
Publisher:
ISBN: 9789289924412
Category :
Languages : en
Pages : 9
Get Book Here
Book Description
On 19 February 2016 the European Central Bank launched a public consultation on the approach to the recognition of institutional protection schemes (IPSs) for prudential purposes. The public consultation ended on 15 April 2016. In addition to soliciting written comments, the ECB gave also industry participants and interested parties an opportunity to provide additional input at a public hearing with senior representatives of the ECB. This event was held in Frankfurt on 31 March 2016. Although the comments provided during the public hearing are not reflected in the figures shown in the table below, they have nonetheless been taken into account. In addition, most (if not all) of the comments submitted at the public hearing have also been reiterated through the written submissions. The ECB has given due consideration to all the comments received during the consultation period. This feedback statement presents an overall assessment of the comments received in the public consultation and aims to address the most relevant issues raised by them. Amendments to the specifications for the assessment under Article 113(7) of the CRR have been made as a result of the comments received.
Author: International Monetary Fund. Monetary and Capital Markets Department
Publisher: International Monetary Fund
ISBN: 1475577737
Category : Business & Economics
Languages : en
Pages : 118
Get Book Here
Book Description
This paper evaluates the risks and vulnerabilities of the German financial system and reviews both the German regulatory and supervisory framework and implementation of the common European framework insofar as it is relevant for Germany. The country is home to two global systemically important financial institutions, Deutsche Bank AG and Allianz SE. The system is also very heterogeneous, with a range of business models and a large number of smaller banks and insurers. The regulatory landscape has changed profoundly with strengthened solvency and liquidity regulations for banks (the EU Capital Requirements Regulation and Directive IV), and the introduction of macroprudential tools.
Author: Andreas Dombret
Publisher: Walter de Gruyter GmbH & Co KG
ISBN: 3110683148
Category : Law
Languages : en
Pages : 242
Get Book Here
Book Description
Why does the third leg of the European Banking Union, EDIS, remain mired in controversy? This book presents the views of senior representatives of the public and private sectors and academia on why EDIS is either necessary, counter-productive or even dangerous. No viewpoint has been excluded and the full range of issues involved is covered, including the impact on financial stability and on consolidation of the financial sector in Europe, progress on reducing NPLs, the feasibility of developing "safe bonds" and other, more practical solutions to the "doom loop" and the actual design of EDIS.
Author: International Monetary Fund. Monetary and Capital Markets Department
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 29
Get Book Here
Book Description
Much progress on resolution planning and preparedness has been achieved since the last FSAP in 2016. Germany’s resolution planning is well advanced, with resolution powers broadly in line with best practice and well-developed internal resolution processes. However, the large weight of Less Significant Institutions (LSIs) in Germany’s financial sector calls for further progress on planning for crisis management for smaller banks and the institutional protection schemes (IPSs) of which they are members.
