Overview
- Analyses the legislative proposal made by the European Commission in November 2015 for introducing a European Deposit Insurance Scheme (EDIS)
- Investigates the system of calculating risk-based contributions to deposit insurance schemes currently in use in the Italian banking system and compares this to the system promoted by the European Banking Authority
- Assesses whether concerns raised by some member states on the burden of risk sharing and on moral hazard at the prospect of introducing EDIS are justified
Part of the book series: Palgrave Macmillan Studies in Banking and Financial Institutions (SBFI)
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About this book
Since the last financial crisis, much work has been undertaken to strengthen the ability to respond to distress in the EU financial system. However, reforms enacted since the Single Resolution Mechanism was created in July 2014 as part of the Banking Union initiated in 2012 mainly focused on non-performing loans, and the third pillar of the Banking Union, namely a European Deposit Insurance Scheme, has not been completed.
Against this backdrop, this book focuses on the reasons why the EU banking system continues to remain fragile. In particular, high stocks of non-performing loans in some countries, the Level 3 assets evaluation and high exposure of many banks to the debts of their own governments are among the major concerns. Secondly, the book discusses the completion of the public safety net for banks, including deposit insurance, which remains primarily at the national level. This creates scope for contagion from banking sector fragility to national sovereign debt distress. Of interest to banking researchers, academics and students, this book combines rigorous analysis of the regulatory framework and empirical investigation on EU banking system data to prove that market discipline and risk sharing should be viewed as complementary pillars of the Euro-area financial architecture rather than as substitutes, requiring a reformed institutional framework.
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Keywords
Table of contents (8 chapters)
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Front Matter
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Back Matter
Authors and Affiliations
About the author
Francesca Arnaboldi is an Associate Professor in banking and finance at the University of Milan, Italy. She gained her BSc and MSc in Finance from Bocconi University, Italy, her MSc in Financial Management from the University of London, CeFiMS, UK and her PhD in Finance from the University of Bologna, Italy. Francesca has been working as a Visiting Researcher in the Centre for Banking Research at the Cass Business School, City University, London, UK since 2009 and she is a member of the Research Center on Financial Studies at University of Modena and Reggio Emilia, Italy. She has been a visiting researcher/associate member at several organisations including the School of Business and Economics, Loughborough University; Centro di ricerca coordinata sulle misure di prevenzione personali e patrimoniali, University of Milan; Alphonse and Dorimene Desjardins International Institute for Cooperatives, HEC Montreal; and the Stern School of Business, New York University. Francesca’s research interests focus on international banking; corporate governance; bank competition and performance; financial innovation; bank regulation and supervision. Her research has been published in international peer-reviewed books and journals.
Bibliographic Information
Book Title: Risk and Regulation in Euro Area Banks
Book Subtitle: Completing the Banking Union
Authors: Francesca Arnaboldi
Series Title: Palgrave Macmillan Studies in Banking and Financial Institutions
DOI: https://doi.org/10.1007/978-3-030-23429-4
Publisher: Palgrave Macmillan Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2019
Hardcover ISBN: 978-3-030-23428-7Published: 13 November 2019
Softcover ISBN: 978-3-030-23431-7Published: 13 November 2020
eBook ISBN: 978-3-030-23429-4Published: 31 October 2019
Series ISSN: 2523-336X
Series E-ISSN: 2523-3378
Edition Number: 1
Number of Pages: XXVI, 145
Number of Illustrations: 15 b/w illustrations, 8 illustrations in colour
Topics: Banking, Risk Management, European Economics, International Finance