Deposit Guarantee Schemes A European Perspective

by Arnaboldi, Francesca

• ISBN13: 9781137390868
• ISBN10: 1137390867
• Format: Hardcover
• Copyright: 2014-09-29
• Publisher: Palgrave Pivot

Summary

Deposit guarantee schemes are a crucial element of modern financial safety nets. Despite positive achievements in the integration of European financial markets and economies, the recent financial crisis confirmed that closer coordination of prudential policies and safety nets is now required.
 
Against this background, Francesca Arnaboldi highlights the importance of one of the three pillars of the Banking Union, the common mechanism for insuring deposits. She suggests that integrated financial markets require a European solution with regard to deposit insurance and that the establishment of a pan-European scheme could address the problems for large cross-border banks. The book is an ideal resource for academics and practitioners interested in the new regulatory framework on deposit guarantee schemes and its link to the first two pillars of the Banking Union.

Author Biography

Francesca Arnaboldi is Associate Professor in Banking and Finance at the University of Milan, Italy. She gained her BSc and MSc in Finance from Bocconi University, her MSc in Financial Management from the University of London, CeFiMS (UK), and her PhD in Finance from the University of Bologna. Francesca has been working as a Visiting Researcher at the Centre for Banking Research, Cass Business School, City University, London since 2009 and she is a member of the Research Center on Financial Studies at the University of Modena and Reggio Emilia. Francesca's research interests focus on financial innovation; international banking; bank competition and performance; bank corporate governance, regulation and supervision.

Table of Contents

Introduction
1. The European Financial Framework
1.1. Introduction
1.2. The Establishment of the Common Market
1.3. European Financial Framework
1.4. Conclusion
2. The European Banking Union
2.1. Introduction
2.2. From National Supervision to the European Banking Union
2.3. The Banking Union
2.4. The Single Resolution Mechanism (SRM)
2.5. The European Banking System: Towards Integration
2.6. Conclusion
3. Deposit Guarantee Schemes
3.1. Introduction
3.2. Deposit Guarantee Schemes (DGSs) in the EU: the Legal Framework
3.3. Changes in Deposit Guarantee Schemes (DGSs): Directive 2009/14/EC
3.4. A Cross-country Comparison of European DGSs
3.5. The US Federal Deposit Insurance Corporation
3.6. Conclusion
4. Empirical Investigation on Deposit Guarantee Schemes
4.1. Introduction
4.2. Theoretical Framework on Risk-based Contributions to DGSs
4.3. The Multiple Indicators Model (MIM): Empirical Assessment
4.4. A Pan-European Deposit Guarantee Scheme
4.5. Conclusion
Conclusion