Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/70726
Authors: 
Mayes, David G.
Nieto, María J.
Wall, Larry
Year of Publication: 
2007
Series/Report no.: 
Working Paper, Federal Reserve Bank of Atlanta 2007-9
Abstract: 
This paper discusses the institutional changes needed in Europe if prompt corrective action (PCA) is to be effective in supervising and resolving cross-border banking groups. The paper identifies these changes starting with enhancements in the availability of information on banking groups’ financial condition to prudential supervisors. Next, the paper considers the collective decision making by prudential supervisors with authority to make discretionary decisions within the PCA framework as soon as a bank in a cross-border banking group falls below the minimum capital standard. Finally, the paper analyzes the coordination measures that should be implemented if PCA requires the bank to be resolved.
Subjects: 
bank supervision
prompt corrective action
European Union
JEL: 
G21
K23
F23
Document Type: 
Working Paper

Files in This Item:
File
Size
252.16 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.