17 May 2010

Do we need a resolution fund paid for by financial institutions?

Stefano Micossi

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In this EuropEos Commentary, Stefano Micossi reviews recent efforts to build a stronger and more coherent regulatory system for financial markets and finds the idea of a resolution fund at best a distraction, and at worst a harbinger of renewed financial instability.

Stefano Micossi is Director General of Assonime and a member of the CEPS Board of Directors.