Public funding of failing banks in the European Union
Einde inhoudsopgave
Public funding of failing banks in the European Union (LBF vol. 19) 2020/5.5.2:5.5.2 Hurdles in restricting the access to public funds
Public funding of failing banks in the European Union (LBF vol. 19) 2020/5.5.2
5.5.2 Hurdles in restricting the access to public funds
Documentgegevens:
M. Louisse-Read, datum 01-06-2020
- Datum
01-06-2020
- Auteur
M. Louisse-Read
- JCDI
JCDI:ADS213893:1
- Vakgebied(en)
Financieel recht / Europees financieel recht
Staatssteun (V)
Deze functie is alleen te gebruiken als je bent ingelogd.
The previous sections have shown that the access to public funds is restricted under the resolution framework depending on in which phase (recovery, resolution or insolvency) and under which legal instrument (BRRD or SRMR) the public funds are used. The following sections show that there are further hurdles in restricting such access.
5.5.2.1 Concepts of EPFS and ELA need further refinement5.5.2.2 Lack of access to liquidity support in resolution5.5.2.3 Financial stability as the overriding goal5.5.2.4 Member States are still the ultimate backstop5.5.2.5 Fiscal sovereignty of Member States