Virginia Giglio

How banking crises will be addressed in the Banking Union?

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The new European crisis management framework includes a comprehensive toolkit aimed at minimizing the use of public money thanks to the burden sharing principle applying to shareholders, bondholders and depositors. While the public eye attention has been mainly devoted to the introduction of the bail-in tool, it must be noted that the successful implementation of the new framework requires first and foremost both banks and authorities to be prepared, supervisors and resolution authorities to timely intervene and interact effectively. The capability to involve private investors and not the public resources, leaving them in the realm of the exceptions, is also implied. Recovery plans and early intervention are therefore key features of the new framework as the triggering of resolution action and the minimization of public support within the Banking Union depends on their effectiveness.


  • Banking Crises
  • Recovery Plans
  • Early Intervention
  • Supervision
  • Resolution


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