Publisher
European Business Law Review
Media Date
6-1-2019
Media Type
Document
Content Type
News Article
Country/Region
Italy
Language
English
Crisis
European Sovereign Debt Crisis (2008 - 2012)
Case Series
Ad hoc Capital Injection
Intervention
Ad hoc Capital Injection
Additional Information
The new regulatory tools introduced in the EU banking recovery and resolution regime that aim to reduce the intervention of supervisory authorities constitute a challenge for legislators and market actors. This article examines the controversial aspects of Monte dei Paschi di Siena (MPS) rescue plans, taking into consideration the adopted restructuring options. Although MPS is not global systemically important its collapse determined a serious impact in the EU banking sector. This article argues that to benefit from financial aid MPS had to be bailed-in, measure that policymakers and regulators are not always ready to implement. MPS represented a real concern to the Italian Central Bank and the European Central Bank, and it demonstrated that banks rely on government bailout, something that it is difficult to change in the regulatory approach to failing credit institutions.
Recommended Citation
Miglionico, Andrea, "The Restructuring of Monte Dei Paschi di Siena. A Controversial Case in the EU Bank Resolution Regime" (2019). Documents. 2807.
https://elischolar.library.yale.edu/ypfs-documents2/2807