Research Handbooks in Financial Law series
Edited by Matthias Haentjens and Bob Wessels
Chapter 20: Germany
This chapter outlines the development of the legal, regulatory and institutional framework that governs the treatment of failing banks in Germany. Based on a description of the pre-crisis position it provides an overview of the stabilization measures put in place during the crisis years. The stabilization framework was replaced in 2011 by a resolution regime that relied on administrative powers to effectuate the transfer of systemically important functions in order to insulate such functions from the adverse effects of a subsequent failure of the affected institution. Resolution finance was to be provided by an industry-financed Restructuring Fund. The chapter closes with a description of the early stages of the process to implement the Bank Recovery and Resolution Directive (BRRD) and to adopt it to the Single Resolution Mechanism (SRM).
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.