Ring-Fencing in Europe
This dissertation explores structural reforms for banks that stipulate the separation of deposit-taking and other services considered vital to the real economy from certain investment banking activities deemed particularly risky with the aim of, inter alia, mitigating systemic risk and the too-big-t...
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| Format: | Online |
| Jezik: | engleski |
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Nomos Verlagsgesellschaft mbH & Co. KG
2021
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| Teme: | |
| Online pristup: | ONIX_20210708_9783748903451_93 |
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| _version_ | 1869520818889818112 |
|---|---|
| author | Oppolzer, Konstantin |
| author_browse | Oppolzer, Konstantin |
| author_facet | Oppolzer, Konstantin |
| author_sort | Oppolzer, Konstantin |
| collection | Directory of Open Access Books |
| description | This dissertation explores structural reforms for banks that stipulate the separation of deposit-taking and other services considered vital to the real economy from certain investment banking activities deemed particularly risky with the aim of, inter alia, mitigating systemic risk and the too-big-to-fail problem. These structural reforms can collectively be referred to as “ring-fencing”. The focus of the dissertation is on the legal developments on a European Union level and in the United Kingdom, Germany and Switzerland, which are home to Europe’s most important financial centres. The dissertation is divided into three parts: In its first part, it establishes a concept and a definition of ring-fencing that allow to distinguish it from related bank structural reforms. In its second part, it assesses legislative steps already taken in the European Union and the withdrawal of the file by the European Commission and discusses potential alternatives for installing a union-wide ring-fence. In its third part, a legal comparative analysis is conducted, discussing conceptual differences in national bank structural reform legislation in the United Kingdom, Germany and Switzerland and exploring whether the countries adopted legislation that matches the concept and definition of ring-fencing established in the first part. Altogether, the dissertation contributes to the terminology and classification of existing and future ring-fencing initiatives and paints a comprehensive picture of current developments and prospects on EU level. It furthermore highlights structural differences of national approaches of Europe's three most important financial centres, and casts light on Switzerland’s unique yet barely recognized ring-fencing efforts. |
| format | Online |
| id | doab-20.500.12854ir-71105 |
| institution | Directory of Open Access Books |
| language | eng |
| publishDate | 2021 |
| publishDateRange | 2021 |
| publishDateSort | 2021 |
| publisher | Nomos Verlagsgesellschaft mbH & Co. KG |
| publisherStr | Nomos Verlagsgesellschaft mbH & Co. KG |
| record_format | ojs |
| spelling | doab-20.500.12854ir-711052025-08-13T14:12:22Z Ring-Fencing in Europe Oppolzer, Konstantin bank separation ring-fencing structural reform retail banking investment banking Liikanen Report Volcker rule Glass-Steagall Vickers Report banking reform thema EDItEUR::L Law thema EDItEUR::L Law This dissertation explores structural reforms for banks that stipulate the separation of deposit-taking and other services considered vital to the real economy from certain investment banking activities deemed particularly risky with the aim of, inter alia, mitigating systemic risk and the too-big-to-fail problem. These structural reforms can collectively be referred to as “ring-fencing”. The focus of the dissertation is on the legal developments on a European Union level and in the United Kingdom, Germany and Switzerland, which are home to Europe’s most important financial centres. The dissertation is divided into three parts: In its first part, it establishes a concept and a definition of ring-fencing that allow to distinguish it from related bank structural reforms. In its second part, it assesses legislative steps already taken in the European Union and the withdrawal of the file by the European Commission and discusses potential alternatives for installing a union-wide ring-fence. In its third part, a legal comparative analysis is conducted, discussing conceptual differences in national bank structural reform legislation in the United Kingdom, Germany and Switzerland and exploring whether the countries adopted legislation that matches the concept and definition of ring-fencing established in the first part. Altogether, the dissertation contributes to the terminology and classification of existing and future ring-fencing initiatives and paints a comprehensive picture of current developments and prospects on EU level. It furthermore highlights structural differences of national approaches of Europe's three most important financial centres, and casts light on Switzerland’s unique yet barely recognized ring-fencing efforts. 2021-07-09T02:00:59Z 2021-07-09T02:00:59Z 2021-07-08T11:28:30Z 2019 book ONIX_20210708_9783748903451_93 OCN: 1151527977 https://library.oapen.org/handle/20.500.12657/49891 9783748903451 https://directory.doabooks.org/handle/20.500.12854/71105 eng Studien zum Bank-, Börsen- und Kapitalmarktrecht open access image/jpeg image/jpeg image/jpeg Attribution-NonCommercial-NoDerivatives 4.0 International Attribution-NonCommercial-NoDerivatives 4.0 International Attribution-NonCommercial-NoDerivatives 4.0 International https://library.oapen.org/bitstream/20.500.12657/49891/1/9783748903451.pdf https://library.oapen.org/bitstream/20.500.12657/49891/1/9783748903451.pdf https://library.oapen.org/bitstream/20.500.12657/49891/1/9783748903451.pdf Nomos Verlagsgesellschaft mbH & Co. KG 10.5771/9783748903451. 10.5771/9783748903451. 20c8b06d-3b2b-4af2-acda-fbcfdfea5744 Schweizerischer Nationalfonds zur Förderung der Wissenschaftlichen Forschung 07f61e34-5b96-49f0-9860-c87dd8228f26 9783748903451 Swiss National Science Foundation (SNF) Baden-Baden 10BP12_189510 Open Access Books open access |
| spellingShingle | bank separation ring-fencing structural reform retail banking investment banking Liikanen Report Volcker rule Glass-Steagall Vickers Report banking reform thema EDItEUR::L Law thema EDItEUR::L Law Oppolzer, Konstantin Ring-Fencing in Europe |
| title | Ring-Fencing in Europe |
| title_full | Ring-Fencing in Europe |
| title_fullStr | Ring-Fencing in Europe |
| title_full_unstemmed | Ring-Fencing in Europe |
| title_short | Ring-Fencing in Europe |
| title_sort | ring fencing in europe |
| topic | bank separation ring-fencing structural reform retail banking investment banking Liikanen Report Volcker rule Glass-Steagall Vickers Report banking reform thema EDItEUR::L Law thema EDItEUR::L Law |
| topic_facet | bank separation ring-fencing structural reform retail banking investment banking Liikanen Report Volcker rule Glass-Steagall Vickers Report banking reform thema EDItEUR::L Law thema EDItEUR::L Law |
| url | ONIX_20210708_9783748903451_93 |
| work_keys_str_mv | AT oppolzerkonstantin ringfencingineurope |