The future of financial regulation: who should pay for the failure of American and European banks?

Abstract

Acknowledgements List of abbreviations Introduction Part I. A Chronological Presentation of Crisis Events January 2007-December 2014 Part II. Bail-Out and/or Bail-In of Banks in Europe - A Country-by-Country Event Study on Those European Countries Which Did Not Receive Outside Support: 1. United Kingdom: Northern Rock, Royal Bank of Scotland (RBS), Lloyds Banking Group 2. Germany: IKB, Hypo Real Estate, Commerzbank, Landesbanken 3. Belgium, France, Luxembourg: Dexia 4. Benelux: Fortis, ING, SNS Reaal 5. Italy: Monte dei Paschi de Siena 6. Denmark: Roskilde Bank, Fionia Bank and the others vs Amagerbanken and Fjordbank Mors Part III. Bail-Out and/or Bail-In of Banks in Europe - A Country-by-Country Event Study on Those European Countries Which Received IMF/EU Support: 7. Iceland: Landsbanki, Glitnir and Kaupthing 8. Ireland: Anglo Irish Bank, Bank of Ireland, Allied Irish Banks 9. Greece: Emporiki, Eurobank, Agricultural Bank 10. Portugal: Caixa Geral, Banco Espirito Santo, Millennium Bank 11. Spain: Bankia and the other ex-cajas 12. Cyprus: Bank of Cyprus, Popular Bank (Laiki) Part IV. The Tarp Program and the Bailing Out (and Bailing In) of US Banks: 13. The roles of the FDIC, the Treasury and the Fed in the crisis 14. USA: Bear Stearns, Merrill Lynch and Lehman Brothers 15. USA: Countrywide, IndyMac, Washington Mutual and Wachovia 16. USA: AIG, Citibank and Bank of America: zombies too big to fail? Part V. Summary of the Micro Studies Part VI. Political and Regulatory Responses to the Crisis - To Bail Out or To Bail In, That's the Question: 17. Future bail-outs in the United States under Dodd-Frank and OLA 18. Future bail-outs in the European Union under the Single Resolution Mechanism and the Bank Recovery and Resolution Directive Conclusion: towards host-country supervision and resolution? Addendum Bibliography Index.