Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/120870
Authors: 
Demary, Markus
Haas, Heide
Year of Publication: 
2015
Series/Report no.: 
IW policy paper 27/2015
Abstract: 
The Global Financial Crisis as well as the Eurozone Banking and Sovereign Debt Crisis revealed deficiencies in bank capital regulation which made banks vulnerable to stress in interbank markets as well as to stress in sovereign debt markets. Deterio-rating banks' balance sheet quality weakened the loan supply. Especially loans to small and medium-sized enterprises within the EU became restrictive. Among reform-ing bank supervision, the European Commission strengthened bank regulation by applying the Basel III recommendations to European law in form of the Capital Re-quirements Regulation (CRR) and the Capital Requirements Directive IV (CRD IV). A public consultation on the effects of CRD IV and CRR is taking place until October 7th of this year. [...]
Abstract (Translated): 
Die Globale Finanzmarktkrise nach der Insolvenz der US-Investmentbank Lehman Brothers und die darauffolgende Banken- und Staatsschuldenkrise im Euroraum haben Schwachstellen in der Eigenkapitalregulierung der Banken offengelegt. So waren Banken anfällig für Stress in den Interbankenmärkten und den Märkten für europäische Staatsanleihen, wodurch deren Kreditvergabe an die Wirtschaft geschwächt wurde. Insbesondere die Kreditvergabe an kleine und mittelständische Unternehmen fand in Krisenzeiten nur restriktiv statt. Die Europäische Kommission hat die Bankenregulierung gestärkt, indem sie die Basel-III-Vorschläge in Form der Capital Requirements Regulation (CRR) und der Capital Requirements Directive IV (CRD IV) in europäisches Recht umgesetzt hat. [...]
JEL: 
G2
G21
G18
Document Type: 
Working Paper

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