What do Sovereign Debt and “Safe Assets” Have to do With EDIS?

Chapters in this book

1. Frontmatter I
2. Introduction V
3. Contents IX
4. The Authors XIII
5. I. The Policy Round: The Arguments For and Against EDIS
6. EDIS: Unblocking the Banking Union 1
7. How Important is a European Deposit Insurance Scheme 7
8. The EBA’s Emerging Proposals to Improve the EU Depositor Protection Framework 21
9. A Common European Deposit Insurance System on the Path Towards a Steady-State Banking Union 39
10. A Single Deposit Insurance Scheme as a Component of a Stable Banking Union? 59
11. II. The Bankers’ Round: What EDIS Does For Us and Our Customers
12. Completing Banking Union: Time to Meet the Challenges 67
13. “EDIS Might Not Revolutionise European Banking – But it can Liberate Europe from Regulatory Fragmentation” 75
14. EDIS: Groundhog Day or Back to the Future 89
15. EDIS: Why the Diversity of the EU Banking System Is at Stake 107
16. Completing banking union 123
17. III. How and When Do We Solve the Problem, or is it Solving Itself?
18. Non-Performing Loans in the Euro Area – Where do we Stand? 149
19. EDIS, NPLs, Sovereign Debt and Safe Assets. NPLs are Not the Only Problem 153
20. Advancing the European Financial Market. Further Reducing Risk in the EU and Simultaneously Strengthening the Financial Market 159
21. Non-Performing Loans: Stumbling Block or Scapegoat? NPLs and how they stand between European Banks and better Deposit insurance 178
22. IV. Sovereign Debt: Is this Really an Obstacle to EDIS and, if so, are Safe Assets the Solution?
23. A Way to a Viable Level Playing Field 193
24. Would European “Safe Assets” Be Risk Free? 203
25. Creating a Euro Area Safe Asset without Mutualizing Risk (Much) 217
26. The Regulation of Sovereign Exposures in the Context of Broader Euro Area Reforms 243
27. What do Sovereign Debt and “Safe Assets” Have to do With EDIS? 253
28. The Key to Completing the Banking Union: Sovereign Concentration Charges 269
29. V. Structure of EDIS
30. The Role of Deposit Insurance in Promoting Financial Stability and Protecting the Ordinary Saver’s Money 281
31. Designing a European Deposit Insurance Scheme for Euro Area Banking Union 287
32. A Look at the FDIC Through the Lens of Deposit Insurance 307
33. Decoupling Risks: The Rationale for Improving the Regulatory Treatment of Sovereign Exposures and an Impact-Analysis of the Basel Committee Discussion Document 321
34. Rethinking Europe’s Deposit Guarantee Scheme 337
35. Position paper on the goals of the banking union 341