European Union: Publication of Financial Sector Assessment Program Documentation—Technical Note on Progress with Bank Restructuring and Resolution in Europe
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Summary:
This article is an analysis on the restructuring banking system of the European Union. The global financial crisis created the need to restructure by immensely reflecting weaknesses in the public, households, corporate, and other financial sectors. The restructuring includes the strengthening of bank resolution tools, the activation of nonperforming loans, the maintenance of macrofinancial framework, recovery of market access, and so on. The Executive Board recommends this transition of the European Union because this paves the way to financial stability globally.
Series:
Country Report No. 2013/067
Subject:
Bank resolution Bank resolution framework Banking External balance assessment (EBA) External position Financial crises Financial institutions Financial sector policy and analysis Financial sector stability Nonperforming loans
English
Publication Date:
March 15, 2013
ISBN/ISSN:
9781475559996/1934-7685
Stock No:
1EUREA2013003
Pages:
26
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