Legal risk in crisis management – conclusions from the Banco Popular Español bankruptcy | Vol. 68 No. 3 (2017) | Safe Bank

Published: 2017-12-15

Vol. 68 No. 3 (2017)

Legal risk in crisis management – conclusions from the Banco Popular Español bankruptcy

Magdalena Kozińska

Section: Problems and Opinions

https://doi.org/10.26354/bb.5.3.68.2017

Abstract

Although the subject of bank risks is widely described in the banking literature, the dangers encountered in the operations of safety net institutions are less frequently analyzed. A good opportunity for their deeper study is the first implementation of the resolution procedure by the Single Resolution Board (banking union resolution authority) in line with the provisions introduced to the EU legal framework after the financial crisis 2007+. The analysis of the lawsuits connected with the forced sale of the Banco Popular Español to Santander (BPE) offers a valuable lesson on potential legal risks that must be addressed by the resolution authority. For this purpose, the concept of legal risk, the framework for conducting anti-crisis measures in the new legal environment and the course of the BPE crisis have been analyzed. Then, the consequences of BPE’s resolution have been investigated.

Keywords:

legal risk , financial safety net , resolution , crisis management

Download files

PDF (Język Polski)

Citation rules

Kozińska, M. . (2017). Legal risk in crisis management – conclusions from the Banco Popular Español bankruptcy. Safe Bank, 68(3), 59–85. https://doi.org/10.26354/bb.5.3.68.2017

Cited by / Share

Crossref

Scopus

Google Scholar

Europe PMC

Licence

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

Most read articles by the same author(s)

Magdalena Kozińska, From WIBOR to WIRON - reasons for the interest rate benchmark reform and the stability of the Polish financial system , Safe Bank: Vol. 91 No. 2 (2023)
Magdalena Kozińska, Tomasz Jura, Resolution and liquidation in the banking sector – the example of Sberbank Europe AG , Safe Bank: Vol. 88 No. 3 (2022)
Magdalena Kozińska, Jarosław Michalewicz, Beata Zdanowicz, In Search of Ways for Financing a Bank’s Liquidity in Resolution , Safe Bank: Vol. 82 No. 1 (2021)
Magdalena Kozińska, Bartosz Wilk, MREL requirement – legal nature of sanctions imposed by the Bank Guarantee Fund for failure to meet the requirement and their economic effectiveness , Safe Bank: Vol. 89 No. 4 (2022)
Magdalena Kozińska, Paweł Niedziółka, Green (r)evolution in Polish banking, Difin, Warsaw 2020 , Safe Bank: Vol. 85 No. 4 (2021)
Magdalena Kozińska, The scope of the Bank Guarantee Fund’s activities and its potential for extension , Safe Bank: Vol. 79 No. 2 (2020)
Magdalena Kozińska, The impact of increased bank capital requirements on the Polish economy , Safe Bank: Vol. 56 No. 3 (2014): Bezpieczny Bank
Magdalena Kozińska, A word from the Editor , Safe Bank: Vol. 90 No. 1 (2023)
Magdalena Kozińska, A word from the editor , Safe Bank: Vol. 97 No. 4 (2024)
Magdalena Kozińska, An Overview of Funding Sources Available for a Credit Institution Operating in Poland with Particular Emphasis on Emergency Liquidity and Capital Sources , Safe Bank: Vol. 66 No. 1 (2017)

1 2 > >>

Vol. 68 No. 3 (2017)
Published: 2017-12-15

ISSN: 1429-2939

eISSN: 2544-7068

10.26354

Publisher

Bankowy Fundusz Gwarancyjny

Licence CC

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

-->

This website uses cookies for proper operation, in order to use the portal fully you must accept cookies.