Verso la fine del bail-in? Una critica al regime europeo di gestione delle crisi bancarie

It has been said that the Bank Recovery and Resolution Package implied a regime change in EU banking sector policy – from bailout to bail-in. However, within the Banking Union, the resolution procedure with the bail-in was only adopted in one case. In the absence of a different interpretation of the requirements to access the resolution procedure, the latter ends up being limited to marginal hypotheses. In such a context, the regulatory framework instrumental to the resolution procedure is not free from criticism – it involves unjustified compliance costs and it seems not so effective in pursuing the rule maker’s goals.