Język Polski
English
Published
:
2012-12-30
The Impact of the Directive Com (2012) 280 Implementation on the Cooperative Banks Activity in Poland
Anna Szelągowska
Abstract
The aim of this article is to present the influence of the proposal for a DIRECTIVE OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL establishing a framework for the recovery and resolution of credit institutions and investment firms and amending Council Directives 77/91/EEC and 82/891/EC, Directives 2001/24/EC, 2002/47/EC, 2004/25/EC, 2005/56/EC, 2007/36/EC and 2011/35/EC and Regulation (EU) No 1093/2010 on Polish cooperative banks. In case of failures, banks should be wound down in accordance to the normal insolvency procedures. However, the extent of interdependencies between institutions creates the risk of a systemic crisis when problems in one bank can cascade across the system as a whole. Therefore, the mentioned proposal aspires to implement effective tools to manage institutions in crisis and to prevent a domino effect of failing institutions from seriously damaging the real economy.(original abstract)Keywords:
Cooperative banks, Banking law, Restructuring of cooperative banksSimilar Articles
- Agnieszka Alińska, In Search for Final Organizational Model of Cooperative Banking Functioning in Poland , Zeszyty Naukowe Wyższej Szkoły Bankowej w Poznaniu: Vol. 45 (2012)
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Szelągowska, A. (2012). The Impact of the Directive Com (2012) 280 Implementation on the Cooperative Banks Activity in Poland. Zeszyty Naukowe Wyższej Szkoły Bankowej W Poznaniu, 45(45). Retrieved from https://journals.wsb.poznan.pl/index.php/znwsb/article/view/1234