Market lacks confidence in European bank resolution, says S&P

ResolutionLaw_Adobe_575x375
By David Freitas
26 Feb 2020

Inconsistent laws and a lack of faith in untested resolution tools have “stretched the credibility” of the bank failure framework in Europe, according to analysts at S&P.

Analysts at the rating agency said in a report on Wednesday that there had been too many bail-outs of European banks following the introduction of the Bank Recovery and Resolution Directive in the EU — a set of rules that was supposed to transfer the risk of bank ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial