PROPOSAL FOR A DIRECTIVE ESTABLISHING FRAMEWORK FOR THE RECOVERY AND RESOLUTION OF CREDIT INSTITUTIONS AND INVESTMENT FIRMS

Scientific review article
Autor: Aleksandra Pajić
JEL: G21, G28, G32, G33, K23

Summary: The Proposal for a Directive establishing a framework for the recovery and resolution of credit institutions and investment firms is a legislative proposal of the European Parliament and of the Council with the main objective of resolving problems of banks which are in financial distress and faced with bankruptcy. The absence of this Directive was more than evident during the latest financial crisis, and this paper offers an assessment of the obvious advantages for its adoption, but also some of its less apparent downsides.

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