Banking Bailout Law

Setting forth the building blocks of banking bailout law, this book reconstructs a regulatory framework that might better serve countries during future crisis situations.

It builds upon recent, carefully selected case studies from the US, the EU, the UK, Spain and Hungary to answer the questions of what went wrong with the bank bailouts in the EU, why the US performed better in terms of crisis management, and how bailouts could be regulated and conducted more successfully in the future. Employing a comparative methodology, it examines the different bailout and bank resolution techniques and tools and identifies the pros and cons of the different legal and regulatory options and their underlying principles. In the post-2008 legal-regulatory architecture financial institution specific insolvency proceedings were further developed or implemented on both sides of the Atlantic. Ten years after the most recent financial crisis, there is sufficient empirical evidence to evaluate the outcomes of the bank bailouts in the US and the EU and to examine a number of cases under the EU’s new bank resolution regime.

This book will be of interest of anyone in the field of finance, banking, central banking, monetary policy and insolvency law.

Table of Contents

Introduction;

Part 1: Comparative Analysis And Systematization Of Bank Bailouts In The Selected Jurisdictions;

Chapter 1.1 Introduction;

Chapter 1.2 A Systematization of Bank Bailouts;

Chapter 1.3 A Catalogue and Assessment of Bank Bailout Cases;

Chapter 1.4 Conclusion;

Part 2: The Current Legal - Regulatory Framework Of Bank Bailouts;

Chapter 2.1 Introduction;

Chapter 2.2 International Financial Regulation and Bank Bailouts;

Chapter 2.3 The US Legal-Regulatory Framework on Bank Bailouts;

Chapter 2.4 The EU Legal-Regulatory Framework on Bank Bailouts;

Chapter 2.5 The UK Legal-Regulatory Framework on Bank Bailouts;

Chapter 2.6 The Spanish Legal-Regulatory Framework on Bank Bailouts;

Chapter 2.7 The Hungarian Legal-Regulatory Framework on Bank Bailouts;

Chapter 2.8 Conclusion;

Part 3: The Building Blocks Of Bank Bailout Law;

Chapter 3.1 Introduction;

Chapter 3.2 The Building Blocks of Bank Bailout Law;

Chapter 3.3 The Principles of Bank Bailout Law;

Chapter 3.4 Conclusion;

Conclusion;

Author

Virág Blazsek earned her juris doctor degree from Eötvös Loránd University in Budapest, Hungary and her PhD in International Business Law from Central European University in Budapest, Hungary (registered and accredited in the United States). In 2016-2017, she was a visiting scholar at Fordham University School of Law and Columbia Law School. In 2019, she earned an LLM in Business and Finance Law from the George Washington Law School in Washington, DC, where she served as a Buergenthal Scholar.