Give recovery a chance: Containing runs on solvent banks
| Authors | |
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| Publication date | 12-02-2024 |
| Publisher | VoxEU |
| Organisations |
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| Abstract | The rapid escalation in uninsured deposit runs in March 2023 prompted calls for stronger ex-ante prudential measures, such as higher capital and liquidity norms, as well as an EU proposal aimed at increasing the use of the resolution process. This column reviews specific lessons from the 2023 bank runs and make a case for stronger Pillar II power for contingent measures on capital and liquidity, with the aim of restoring credibility to a timely intervention process and favouring the recovery of viable banks. |
| Document type | Web publication or website |
| Language | English |
| Related publication | Containing runs on solvent banks: Prioritising recovery over resolution Containing Runs on Solvent Banks |
| Published at | https://cepr.org/voxeu/columns/give-recovery-chance-containing-runs-solvent-banks |
| Downloads |
Give recovery a chance_ Containing runs on solvent banks _ CEPR
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