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dc.contributor.authorMayes, David G.
dc.contributor.authorNieto Carol, María Jesús
dc.contributor.authorWall, Larry D.
dc.coverage.spatialPaíses de la UE
dc.date.accessioned2019-08-10T17:52:52Z
dc.date.available2019-08-10T17:52:52Z
dc.date.issued2008
dc.identifier.issn0213-2710 (en papel)
dc.identifier.issn1579-8666 (en línea)
dc.identifier.urihttps://repositorio.bde.es/handle/123456789/6950
dc.descriptionIncluye bibliografía
dc.description.abstractThis paper presents a stylized mechanism aimed at dealing with the cross border agency problems that arise in supervising and resolving cross border banking groups in the European Union (EU). The authors assume that PCA policies have been implemented by the national supervisors and explore the institutional changes needed in Europe if PCA is to be effective as an incentive compatible mechanism. The paper identifies these changes starting with enhancements in the availability of information on banking groups to supervisors. Next, the paper considers the collective decision making by supervisors with authority to make discretionary decisions within the PCA framework as soon as a bank of a cross border banking group falls below the minimum capital standard. Finally, the paper analyzes the coordination measures that should be implemented if PCA requires the bank to be resolved
dc.format.extent35 p.
dc.language.isoeng
dc.publisherBanco de España
dc.relation.ispartofDocumentos de trabajo / Banco de España, 0819
dc.rightsReconocimiento-NoComercial-CompartirIgual 4.0 Internacional (CC BY-NC-SA 4.0)
dc.rightsIn Copyright - Non Commercial Use Permitted
dc.rights.urihttps://creativecommons.org/licenses/by-nc-sa/4.0/deed.es_ES
dc.rights.urihttp://rightsstatements.org/vocab/InC-NC/1.0/
dc.subjectBanking supervision
dc.subjectEuropean Union
dc.subjectPrompt Correctve Action
dc.titleMultiple safety net regulators and agency problems in the EU : is Prompt Corrective Action partly the solution?
dc.typeLibro
dc.identifier.bdebib000213153
dc.identifier.bdepubDTRA-200819-eng
dc.subject.bdeRegulación y supervisión de instituciones financieras
dc.publisher.bdeMadrid : Banco de España, 2008
dc.subject.jelF20
dc.subject.jelG28
dc.subject.jelK23
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